Four risks from stablecoins that drain $1.5tn from banks, says Standard Chartered

Stablecoins are coming for bank deposits — and traditional lenders aren’t happy about it. Stablecoins settle instantly, work around the clock, and increasingly offer better returns than traditional savings accounts. It’s that last point that poses the most risk for banks that rely on customer deposits. Now, UK-based Standard Chartered has quantified the damage. Analysts expect roughly $500 billion to leave developed-market banks in the US by the end of 2028, with another $1 trillion to flee emerging-m ...