S&P Global: stablecoin scale exceeds $316 billion

According to the S&P Global Market Intelligence report, the size of the stablecoin market has exceeded $316 billion, but the banking industry is still in the early stages of development. Only 7% of the 100 banks surveyed in the first quarter of 2026 have established relevant frameworks, and no institution has carried out pilot projects. Banks are concerned about deposit outflows, intensified competition, and unclear income impacts. Large banks may focus on tokenized deposits, while small and medium-sized banks may prioritize fiat currency deposits and withdrawals, and need to upgrade their existing systems on a large scale.