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Stablecoins are a real threat to bank deposits, says Standard Chartered

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Stablecoins are a real threat to bank deposits, says Standard Chartered

Standard Chartered's Geoff Kendrick has warned that the growth of stablecoins poses a significant threat to bank deposits, particularly impacting regional banks in the United States. He highlighted concerns that increased adoption of stablecoins could lead to a substantial drain on traditional banking deposits.

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Stablecoins are a real threat to bank deposits, says Standard Chartered | CoinInformer