Standard Chartered warns $500B in US bank deposits could shift to stablecoins

[bonk]

Standard Chartered is warning that stablecoins could draw as much as $500 billion out of US bank deposits by the end of 2028. In a new report, the bank’s head of digital asset research, Geoff Kendrick, said rapid stablecoin adoption is beginning to reshape core banking dynamics.

Kendrick noted that deposits are central to bank profitability, particularly through net interest margins. Regional banks are seen as the most exposed, while larger, diversified institutions are better insulated. The warning extends earlier concerns from emerging markets to developed economies, signaling that stablecoins are becoming a structural challenge for traditional finance.

[chainsniff]

eth activity hitting new highs while banks sweat stablecoins lol crypto infrastructure doing its thing

[JanEmil]

I am ready to go crypto only if some day possible.