While stablecoins are not yet replacing banks, their role in global finance is steadily expanding. They are increasingly used for payments, trading, and decentralized finance, offering faster and more flexible alternatives to traditional systems. Over time, this growth could lead to deposit outflows from banks.

The bigger concern lies in scale. As stablecoins and tokenized real-world assets gain traction, banks may face reduced lending capacity if customers shift funds into blockchain-based alternatives. This could gradually reshape how capital flows through the financial system.

For now, regulation is the key barrier. Without the ability to offer yield, stablecoins remain less attractive than traditional savings products. But if that changes, competition between banks and crypto could intensify significantly.