Core Viewpoint - Stablecoins pose a significant threat to global and U.S. bank deposits, with Standard Chartered estimating that U.S. bank deposits could decrease by about one-third of the current stablecoin market value, which is approximately $301.4 billion [1] Group 1: Impact on U.S. Banks - Standard Chartered identifies regional U.S. banks as the most at risk due to their higher reliance on net interest income (NIM) from deposits, with affected banks including Huntington, M&T Bank, and Truist [1] - Diversified banks and investment banks are expected to be less impacted by the rise of stablecoins [1] Group 2: Market Projections - Current data shows that USDT and USDC account for only 0.02% and 14.5% of bank deposits, respectively, indicating limited immediate deposit effects [1] - Standard Chartered projects that if the stablecoin market reaches $2 trillion by 2028, developed market banks could lose approximately $500 billion in deposits, while emerging markets could see losses of up to $1 trillion [1]