Experts Dismantle Standard Chartered’s $1 Trillion Stablecoin Warning for Emerging Markets

Standard Chartered’s recent research warned that stablecoins could drain up to $1 trillion from emerging market (EM) banks over the next three years as savers flock to digital dollar assets. While that figure represents only around 2% of total deposits across the most vulnerable economies, the structural implications could be historic. Experts Weigh in on Standard Chartered’s $1 Trillion Stablecoin Warning The report, led by Geoff Kendrick, Global Head of Digital Assets Research, and Madhur Jha, Head of Thematic Research, flagged Egypt, Pakistan, Bangladesh, and Sri Lanka as the most exposed. Their findings indicate a growing migration of banking functions to the non-bank digital sector source: https://beincrypto.com/standard-chartered-stablecoin-emerging-markets-critic/