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Standard Chartered warned that the rapid growth of U.S. dollar-backed stablecoins could pull as much as $1 trillion in deposits from emerging market banks within the next three years.Reuters report on the note:Around 99% of stablecoins are pegged to the dollar, effectively making them digital dollar…
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.Grab a coffee and take a moment to think about how fast money is changing. What once moved through banks and borders now flows through code and wallets, reshaping glob…
Standard Chartered estimates that up to $1 trillion may shift from emerging market bank deposits into stablecoins over the next three years, as dollar-pegged tokens give households and companies a low-friction path to USD exposure outside local lenders.Stablecoins are dollar-pegged crypto tokens des…