Stablecoins Set to Absorb $1 Trillion From Emerging-Market Banks, Standard Chartered Finds

• Standard Chartered projects more than $1 trillion may leave emerging-market banks for stablecoins by 2028, signaling a structural move toward digital dollar savings in economies hit by inflation.
• USDT and USDC are becoming the new dollar accounts for savers in countries like Egypt, India, and Brazil as people search for stability their local banks no longer guarantee.
• Banks face shrinking deposits but a new opportunity to pivot into custody, settlement, and treasury services as stablecoins take root in everyday finance.

Standard Chartered expects one of the largest shifts in global savings this decade.

In a research report the bank said more than $1 trillion dollars in emerging-market bank deposits could flow into US-dollar-pegged stablecoins by 2028, reflecting how people are rethinking where they store value in an inflation-heavy world.

Stablecoins Are Becomin…

Read The Full Article Stablecoins Set to Absorb $1 Trillion From Emerging-Market Banks, Standard Chartered Finds On Coin Edition.