Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that stablecoins have posed a substantial threat to global and U.S. bank deposits. Standard Chartered estimates that U.S. bank deposits could decrease by about one-third of the stablecoin market cap (currently, the market cap of USD stablecoins is approximately $301.4 billion). Standard Chartered pointed out that U.S. regional banks face the highest risk, as their net interest margin (NIM) relies more heavily on deposits. Affected banks include Huntington, M&T Bank, Truist, etc., while diversified banks and investment banks are relatively less impacted. Data shows that the reserve proportions of USDT and USDC in bank deposits are only 0.02% and 14.5%, respectively, with limited re-deposit effects. Standard Chartered predicts that if the stablecoin market cap reaches $2 trillion by 2028, developed market banks could lose around $500 billion in deposits, while emerging markets could see losses of up to $1 trillion. (Cointelegraph) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55757