Standard Chartered - Febspot

Standard Chartered

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Banks warn stablecoins could drain deposits; regulators see limited impact so far — Images.cointelegraph.com

Banks warn stablecoins could drain deposits; regulators see limited impact so far

Banks have warned that stablecoins, particularly those offering yield, could pull deposits out of the banking system, but policy and finance experts and some regulators say there is little evidence of that happening so far. Standard Chartered estimated in a research note that stablecoin growth could drain bank deposits, saying

Standard Chartered warns up to $500 billion in US deposits could shift to stablecoins — Assets.beincrypto.com

Standard Chartered warns up to $500 billion in US deposits could shift to stablecoins

Beincrypto reports Standard Chartered warned that as much as $500 billion — roughly one-third of US bank deposits — could migrate into stablecoins by the end of 2028, according to a report from the bank’s head of digital asset research, Geoff Kendrick. Kendrick cited net interest margin (NIM) income as a

Standard Chartered places crypto prime brokerage in SC Ventures to ease Basel III burden — Assets.beincrypto.com

Standard Chartered places crypto prime brokerage in SC Ventures to ease Basel III burden

Beincrypto reported that Standard Chartered plans to establish a crypto prime brokerage within its venture arm, SC Ventures, to reduce Basel III capital burdens. According to the report, the prime-brokerage offering would provide financing, custody and trading services to institutional clients and is expected to sit outside the bank’s