Standard Chartered: Stablecoins Could Drain $500 Billion From U.S. Bank Deposits by 2028
Standard Chartered estimates that U.S. dollar-backed stablecoins could draw roughly $500 billion in deposits away from U.S. banks by the end of 2028. The bank's digital assets research head warns regional lenders are most exposed, and the scale of deposit migration depends on whether stablecoin issuers keep reserves in the banking system or in othe…