$500 Billion Bank Run Incoming if Stablecoin Adoption Doesn’t Slow: Standard Chartered

Digital asset adoption is creating a half-trillion-dollar headwind for U.S. banks, an analyst at Standard Chartered says. Are U.S. Bank Deposits at Risk of Being Siphoned Over to Crypto Ecosystem? Geoff Kendrick, global head of digital assets research at Standard Chartered, thinks that by the end of 2008, as much as $500 billion could leave […]