Stablecoins could suck $1 trillion from EM banks in next three years, Standard Chartered estimates

Standard Chartered has raised concerns that stablecoins could potentially withdraw up to $1 trillion from emerging market banks over the next three years. This shift could significantly impact the financial stability of these banks, as they may struggle to adapt to the growing popularity of digital currencies. Understanding this trend is crucial for investors and policymakers alike, as it highlights the need for regulatory frameworks to manage the risks associated with the rise of stablecoins.