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Stablecoins Threaten $500B in US Bank Deposits by 2028, Standard Chartered Warns

Stablecoins Threaten $500B in US Bank Deposits by 2028, Standard Chartered Warns

Author:

Global Cryptocurrency

Published:

2026-01-28 05:07:01

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BTCCSquare news:

Stablecoins could siphon as much as $500 billion from US bank deposits by 2028, according to Standard Chartered. The analysis highlights growing systemic risks as dollar-pegged tokens increasingly displace traditional banking functions—particularly payments and Core financial services.

Regional banks face disproportionate exposure. Geoff Kendrick, the bank’s digital assets research head, notes these institutions rely heavily on deposit-funded net interest margins. Stablecoin adoption directly pressures this revenue stream.

The warning comes as US lawmakers debate stablecoin legislation like the GENIUS Act. Meanwhile, crypto-native payment networks continue eroding banks’ historical dominance in financial infrastructure.

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