A new report from Standard Chartered highlights the significant growth potential of US dollar-backed stablecoins, predicting that this trend could result in a transfer of up to $1 trillion from banks in emerging economies over the next few years.
This so-called “boom,” fueled by a new regulatory dawn for the broader digital asset market in the US under President Donald Trump’s administration, is making stablecoins increasingly attractive, particularly in regions vulnerable to currency crises.
Stablecoins As Savings Could Surge To $1.2 Trillion
Currently, nearly 99% of stablecoins are pegged to the US dollar, effectively transforming them into dollar-denominated bank accounts. This characteristic is particularly attractive for individuals and businesses in countries where economic