South Africa Stablecoins. Photo by BeInCrypto South Africa’s central bank has echoed a warning from Standard Chartered, confirming that the rapid rise of stablecoins could destabilize emerging-market (EM) banks. Standard Chartered projects that digital dollars could drain as much as $1 trillion from EM bank deposits over the next three years, as consumers and corporates shift savings toward stable, USD-pegged alternatives. Standard Chartered's Alarm: Emerging-Market Banks at Risk In a recent research no ...