Standard Chartered Warns of $1 Trillion Potential Shift from EM Banks to Stablecoins

Emerging market (EM) banks face a growing risk as they may see up to USD 1 trillion flow into stablecoins over the coming years, according to Standard Chartered. The bank’s research highlights the increasing shift away from traditional banking channels towards digital assets like stablecoins in these economies. These assets are pegged to fiat currencies like the US dollar, offering an alternative for faster and cheaper financial transactions.