Banking Giant Issues Dire Warning: Stablecoins Could Drain $1 Trillion From Global Banks by 2028
Cryptonews🟢 positive
Banking Giant Issues Dire Warning: Stablecoins Could Drain $1 Trillion From Global Banks by 2028
• Cryptonews🟢 positive
Standard Chartered has said stablecoins have functioned as USD accounts in EM, projecting $1.22T by 2028 and a $1T drain from deposits. The U.S. GENIUS Act has set rules and the Bank of England has proposed caps, as EM Banks have faced pressure in high-inflation markets.
Article Details
Source
Cryptonews
Published
October 6, 2025 at 06:28 PM
Sentiment
🟢 positive
Type
Article
Category
institutional
Topics
InstitutionalMarket
