Core Insights - Standard Chartered estimates that U.S. dollar-backed stablecoins could withdraw approximately $500 billion in deposits from U.S. banks by the end of 2028 [1] Group 1 - The analysis indicates a significant potential shift in banking deposits towards stablecoins, highlighting the growing influence of cryptocurrency in the financial sector [1] - This trend may reflect broader changes in consumer behavior and preferences for digital assets over traditional banking systems [1] - The forecast suggests that the adoption of stablecoins could accelerate, driven by factors such as increased regulatory clarity and technological advancements [1]

Market Trends - Bitcoin and ETH experienced a bounce after significant ETF outflows [1] - Bitwise anticipates BTC outperforming traditional assets [1] Regulatory Landscape - SEC chair considers the majority of crypto tokens as non-securities [1]