Standard Chartered Bank: $1 trillion may flow from emerging market banks to stablecoins in the next 3 years.

On October 7, according to Cointelegraph, Standard Chartered Bank predicts that as the demand for dollar-pegged encryption assets accelerates, more than $1 trillion could flow out of emerging market banks into stablecoins by 2028. In a report released on Monday, Standard Chartered's global research department stated that the global adoption of stablecoins is expected to accelerate as Payment Networks and other core banking services gradually shift to the non-bank sector. Standard Chartered pointed out that with the popularity of stablecoins in emerging markets (EM), users may obtain accounts that are essentially dollar-based through stablecoins. "In emerging markets, the holding rate of stablecoins is higher than in developed markets (DM), which indicates that such asset diversification behavior is more common in emerging markets," Standard Chartered wrote in the report. The bank stated that the scale of stablecoins used for savings in emerging markets is expected to rise from $173 billion to $1.22 trillion, meaning that approximately $1 trillion may flow out of the emerging market banking system over the next three years.