Standard Chartered Forecasts $500B Bank Deposit Shift to Stablecoins by 2028
Global banking giant Standard Chartered predicts a seismic shift in the financial landscape as $500 billion of traditional bank deposits could migrate into stablecoins by 2028. The projection, representing one-third of the anticipated $2 trillion stablecoin market capitalization by 2030, underscores the accelerating institutional adoption of digital assets.
US bank deposits face particular vulnerability, with yield-bearing stablecoins likely to accelerate capital flight if regulatory clarity emerges. Legislative progress on digital asset frameworks—though currently stalled—could catalyze this transition, reshaping liquidity dynamics across traditional finance.
The analysis comes amid intensifying debate about stablecoins' role in modern finance, with institutions increasingly viewing them as viable alternatives to conventional deposit accounts. Market participants are monitoring regulatory developments that may determine whether this projected capital migration becomes a gradual evolution or a sudden disruption.
