Standard Chartered: stablecoins may drain $500B from U.S. bank deposits by 2028

Standard Chartered said in analysis cited by Bloomberg that growing stablecoin adoption could pull up to $500 billion from U.S. bank deposits by the end of 2028, pressuring lenders reliant on net interest margins. Stablecoin supply has risen more than 40% to just over $300 billion, and regional banks appear most exposed.