Stablecoins Are a Bigger Threat to US Banks Than Regulators Admit: Standard Chartered
Yahoo Finance·2026-01-28 00:33

Roughly 500billionworthofcashwillshiftfrombankdepositsintostablecoinsby2028,estimatedStandardCharteredGlobalHeadofDigitalAssetsRearchGeoffKendrickinanotesharedwithDecrypt.ItsamoremodestestimatethanKendrickofferedupinOctober,whenhewrotethatstablecoinscouldlure500 billion worth of cash will shift from bank deposits into stablecoins by 2028, estimated Standard Chartered Global Head of Digital Assets Rearch Geoff Kendrick in a note shared with Decrypt. It's a more modest estimate than Kendrick offered up in October, when he wrote that stablecoins could lure 1 trillion away from banks. The report comes as lawmakers in D.C. debate over the Digital Asset Market Clarity Act, or CLARITY Act, which would create a federal regulatory framework for digital ass ...

Stablecoins Are a Bigger Threat to US Banks Than Regulators Admit: Standard Chartered - Reportify