Multinational bank Standard Chartered predicted that more than $1 trillion may exit emerging market banks and flow into stablecoins by 2028 as demand for US dollar-pegged crypto assets accelerates.
In a Monday report, Standard Chartered’s Global Research department data-ct-non-breakable=”null” href=”https://www.sc.com/en/corporate-investment-banking/financial-markets/global-research/” rel=”noopener nofollow” target=”_blank” title=”null”>said it expects global stablecoin adoption to accelerate as payment networks and other core banking activities shift to the non-bank sector.
As stablecoins gain traction in emerging markets (EM), Standard Chartered noted that users might utilize stablecoins to access what’s…
