Standard Chartered Predicts $1T Bank Outflows to Stablecoins

Multinational bank Standard Chartered predicted that more than $1 trillion could exit emerging market banks and flow into stablecoins by 2028 as demand for US dollar-pegged crypto assets accelerates.  In a Monday report, Standard Chartered’s Global Research department said that it expects global stablecoin adoption to accelerate as payment networks and other core banking activities…

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The gold standard is back — Stablecoins need to rethink what ‘backing’ really means

Opinion by: William Campbell, advisory lead at USDKG Stablecoins were heralded as a breakthrough in the cryptocurrency space as a way to marry the lightning-fast, borderless nature of digital assets with the stability of traditional currencies. They achieve this by pegging their value to reserves like fiat currencies or commodities. Stablecoins are engineered to maintain…

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