Odaily Planet Daily reports that Standard Chartered analysts stated in a report that stablecoins pose a real risk to global and US bank deposits. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, pointed out in the report that the delay of the US CLARITY Act has reminded us of the risks stablecoins pose to banks. Geoff Kendrick estimates that US bank deposits will decrease as the market capitalization of stablecoins grows, with the reduction amount accounting for approximately the weight of stablecoin market cap. The impact is greatest on US regional banks, while investment banks are affected the least. The report shows that only 0.02% and 14.5% of Tether and Circle reserves are bank deposits, respectively, indicating a very low re-deposit ratio.
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