[S&P Global: Stablecoins in Some Emerging Markets Could Reach 20% of Bank Deposits] January 23 news, S&P Global Ratings stated that stablecoins could account for 20% of bank deposits in certain emerging market countries. The report analyzed the adoption of foreign currency stablecoins (primarily USD-pegged assets) across 45 emerging market countries. The report pointed out that stablecoin adoption will be driven by three major factors: local currency depreciation pressure, demand for cross-border remittances, and the widespread use of digital assets. Ranked by importance, the motivations for adoption include wealth preservation, remittances, international trade, and enthusiasm for digital assets. S&P Global believes that countries with high inflation show the greatest potential for stablecoin adoption. In the most aggressive scenario, stablecoins could account for 10-20% of bank deposits in the top 15 countries with the strongest demand for wealth preservation, particularly in nations where local currency purchasing power is declining. In January of this year, blockchain analytics firm Artemis revealed that, in terms of geographic distribution, India and Argentina are true global outliers, with USDC accounting for 47.4% and 46.6% of stablecoin usage in these two countries, respectively.