$1T May Flow from Emerging Banks to Stablecoins by 2028
Standard Chartered forecasts $1 trillion could shift from emerging market banks to stablecoins as crypto adoption speeds up by 2028
- $1T could move from emerging banks to stablecoins.
- Standard Chartered predicts rapid crypto adoption.
- Stablecoins seen as safer, faster financial alternatives.
Standard Chartered Predicts $1T Shift to Stablecoins
Global banking giant Standard Chartered has released a bold forecast, projecting that over $1 trillion could move from emerging market banks into stablecoins by 2028. The prediction underscores how rapidly digital assets are reshaping global finance and how crypto adoption is accelerating, particularly in developing economies.
According to the bank’s report, many individuals and businesses in emerging markets are seeking alternatives to local currencies that face high inflation, capital restrictions, and banking instability. Stablecoins — digital tokens pegged to traditional currencies like the US dollar — offer a faster, cheaper, and often more stable way to transact and store value.
Why Emerging Markets Are Turning to Stablecoins
Emerging economies such as those in Africa, Latin America, and Southeast Asia have seen a surge in stablecoin use. For many users, stablecoins serve as an accessible on-ramp to global finance without relying on fragile local banking systems.
Standard Chartered analysts highlight that this movement could “reshape liquidity flows and weaken the dominance of traditional banks” in certain regions. With mobile-based crypto wallets becoming more user-friendly, the shift toward decentralized and borderless finance is gaining momentum.
The Future of Global Finance and Crypto Integration
If Standard Chartered’s projection materializes, it would represent one of the largest capital shifts in modern financial history. The transition from traditional banking systems to blockchain-based assets could push governments and central banks to accelerate the development of Central Bank Digital Currencies (CBDCs) and improve regulatory clarity for stablecoins.
The report concludes that stablecoins could act as a bridge between traditional finance and crypto, helping millions in emerging economies access reliable financial tools for the first time.
