Standard Chartered Projects $500B Bank Outflows by 2028

Standard Chartered Projects $500B Bank Outflows by 2028

Key Points:

  • Standard Chartered hints at major bank outflows.
  • Potential $500 billion shift by 2028.
  • Stablecoins trigger financial disruptions.

The forecast raises concerns about stablecoin impact on traditional banking.

The analysis by Geoffrey Kendrick, Standard Chartered’s global head, highlights potential bank deposit outflows due to increasing stablecoin use. This projection could lead to significant changes in financial markets.

Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, asserts that

Stablecoins are the first big blockchain-based disrupter of financial markets

(CoinMarketCap).

Impact Analysis

U.S. regional banks may be most affected, while large institutions like Goldman Sachs face fewer risks. Stablecoin adoption appears poised to redirect funds, impacting treasury bill allocations over bank deposits.

Stablecoins are altering financial landscapes, with no immediate impact observed on ETH, BTC, or altcoins. Legislative delays in stablecoin regulations add complexity, underscoring tensions between financial institutions and digital currency advocates.

Disclaimer:

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