Digital dollarisation
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How stablecoins threaten to drain $1tn from banks in emerging markets
Yahoo Finance· 2025-10-07 09:43
Stablecoins could trigger the largest capital flight from emerging markets banks in history. That’s according to UK bank Standard Chartered, which forecasts that as much as $1 trillion could move into dollar-pegged digital currencies over the next three years as savers in fragile economies seek deposit stability. “Stablecoins give consumers and corporates in emerging markets new access to what is effectively a USD-based bank account,” said Geoffrey Kendrick, head of digital assets research at Standard Ch ...