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Stablecoins could see $1 trillion in inflows from emerging markets
Standard Chartered predicts that stablecoin users in emerging markets could shift up to $1 trillion from traditional banks into US Dollar-pegged tokens by 2028. In a report on Monday, Standard Chartered predicted that over $1 trillion could be transferred from emerging market banks to stablecoins by 2028, following an accelerated demand for US dollar–pegged tokens. The bank stated that adoption in these regions is being driven by a large unbanked population, who are increasingly using stablecoins as substitutes for US Dollar accounts. The report highlights that this trend could be accelerated by the enactment of ... (full story)
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