2026-01-03 07:22:39

A recent groundbreaking research report points out that the rise of stablecoins is shaking governments' control over fiat currencies. Once the usage of stablecoins skyrockets, local currencies in emerging markets could face significant outflows.

This prediction is not baseless. A major UK international bank sounded the alarm in October: the proliferation of stablecoins could lead to the loss of over $1 trillion in deposits from emerging market banking systems. The US banking industry is also on edge. The critical stablecoin legislation that took effect in July explicitly authorizes crypto companies to launch yield-bearing products that traditional banks are prohibited from offering, posing a real threat to Wall Street.

A market development executive at a financial giant summarized it plainly: "Stablecoins are no longer fringe products; they are becoming a key link between traditional finance and the digital world." The financial order is quietly being reshaped.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
9
Repost
Share

Comment

0/400

PrivateKeyParanoia

· 01-06 05:12

Haha, traditional finance is panicking. Stablecoins are really about to take off. --- $1 trillion has been lost? Banks can’t sit still now, serves them right. --- Wait, so that US bill is essentially allowing crypto indirectly? That’s interesting. --- People in emerging markets have been using stablecoins to escape local currency devaluation for a long time; this report is just late to the game. --- Is the financial order being reshaped? Sounds great. Old financiers will finally taste the feeling of being overturned. --- To be honest, stablecoins are the true free currency; governments can’t control them at all. --- This is just the beginning. When Layer 2 becomes widespread, it will be a real earthquake. --- How could Wall Street let stablecoins be so smooth? Let’s wait and see how they counteract.

View OriginalReply0

MissingSats

· 01-04 19:09

Stablecoins are really about to take off, and the banks are panicking like crazy haha

View OriginalReply0

BearMarketHustler

· 01-04 19:05

This wave of stablecoins is really about to take off. The banks are panicking and saying these things. What does that mean? It means we've won!

View OriginalReply0

ChainMaskedRider

· 01-03 22:58

Stablecoins are really intense this time, banks are starting to panic haha Whoa, one trillion dollars lost, this number is a bit outrageous People in emerging markets are smart, why bother with local currency anymore Wall Street can't sit still, they deserve it, let them taste the feeling of losing power But on the other hand, can stablecoins really completely replace fiat currency? It doesn't seem that absolute Traditional finance can't keep up? Now this is interesting Financial restructuring? I'll just watch this good show quietly, anyway I've already gone all in

View OriginalReply0

LuckyHashValue

· 01-03 07:50

Stablecoins are really about to take off this time. I don't know if traditional finance is panicking, but I'm excited anyway. By the way, emerging markets are going to suffer. Local currencies are being drained... A loss of one trillion dollars is no small number. The banking system is going to go crazy.

View OriginalReply0

OnchainUndercover

· 01-03 07:50

Haha, the banks are finally panicking. This must be what a revolution feels like. --- I've been waiting to see the script of stablecoins overthrowing traditional finance. --- Losing 1 trillion sounds exaggerated, but is it really possible? I'm starting to believe it. --- Rather than saying stablecoins threaten fiat currency, it's more accurate to say people finally have a choice. --- Those guys in the US are thinking about how to regulate us again, same old trick. --- The key still depends on adoption rate. Who is really using USDT to buy groceries? --- Saying "reshaping the order" is too absolute. Will the central banks sit and wait? --- Emerging markets originally wanted to ditch their depreciating local currencies, and stablecoins just handed them a knife. --- Financial giants say stablecoins are a bond; in fact, they also want a piece of the pie. --- This wave has really changed the game. You can't deny it.

View OriginalReply0

AlgoAlchemist

· 01-03 07:48

Stablecoins are really about to turn traditional finance upside down, and banks just can't sit still anymore, haha.

View OriginalReply0

ContractCollector

· 01-03 07:43

Stablecoins are really about to take off this time, and the banks are panicking like crazy haha

View OriginalReply0

POAPlectionist

· 01-03 07:23

Regarding stablecoins, the banks are panicking. To put it simply, their iron rice bowls are being shattered, no wonder they are shouting so loudly.