Stablecoins pose a real risk to U.S. and global bank deposits, Cointelegraph reported on Jan. 27, citing a Standard Chartered report.
Standard Chartered revisited the impact of stablecoins on banks after delays to the CLARITY bill. It said U.S. bank deposits could fall to about one-third of the stablecoin market in the future.
The report said stablecoins directly affect net interest margin (NIM) income. NIM is a key indicator of bank profitability, and the report said the spread of stablecoins could accelerate deposit outflows. U.S. regional banks are expected to take the biggest hit, and it named Huntington Bancshares, M&T Bank, Truist Financial and CFG Bank as the most vulnerable.
Standard Chartered said it expects the CLARITY bill to pass by the first quarter of 2026. It warned that not only stablecoins but also the tokenisation of real-world assets could threaten bank deposits.
Chi-gyu Hwang
delight@d-today.co.kr