Do stablecoins challenge the traditional financial order? BlackRock and Standard Chartered Bank speak out intensively

Question

[Coin World] Stablecoins are changing the global financial landscape.

BlackRock’s latest release, the “2026 Global Market Outlook,” makes a bold prediction: stablecoins will gradually challenge governments’ control over fiat currencies. The logic behind this is straightforward— as stablecoin usage soars, demand for traditional fiat currencies in emerging markets faces downward pressure.

It’s not just BlackRock paying attention to this trend. Standard Chartered Bank in the UK issued a warning as early as October, with more direct language: the widespread adoption of stablecoins could lead to the loss of over $1 trillion in deposits from bank accounts in emerging markets. In other words, this is not just an emerging market issue.

What about the US? The situation is equally tricky. The “Genius Act,” which took effect in July, allows crypto companies to offer quasi-yield products that traditional banks are prohibited from providing, posing a clear threat to traditional financial institutions on Wall Street. A single sentence from BlackRock’s Global Markets Head, Samara Cohen, captures the essence: “Stablecoins are no longer fringe products; they are becoming the true bridge between traditional finance and digital liquidity.”

How big can this bridge get? Possibly bigger than you imagine.

TaxEvader · Accepted Answer

Stablecoins are really fierce this time, even big institutions can't sit still. Traditional finance is truly about to be shaken up this time.

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$10 trillion in losses? BlackRock is right, the fiat currency status in emerging markets is indeed in jeopardy.

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Why is Wall Street panicking? Isn't this just the progress of the times? Who can stop it?

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The warning from Standard Chartered sounds a bit ridiculous... still giving a speech while you're about to be replaced?

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Control over fiat currency is about to loosen, this is inevitable.

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BlackRock's report is basically saying—money flow is changing, are you ready?

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Emerging market banks should have been impacted long ago; this wave of stablecoins is a real relief.

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Once the Genius Act is enacted, crypto companies will have opportunities. How will traditional banks survive?

MEVHunter · Answer

ngl blackrock ain't being subtle here... they're basically admitting stablecoins are eating traditional finance's lunch. that 1 trillion deposit drain figure from standard chartered? rookie numbers if you ask me, once we hit real adoption velocity the arbitrage spreads between fiat rails and on-chain settlement get absolutely nasty.

UnluckyLemur · Answer

Stablecoins are really about to overthrow traditional finance, and big players like BlackRock and Standard Chartered can't sit still anymore.

The breakthrough has already begun, and emerging markets have long been voting with their feet.

Wait, if this continues, how will the central banks survive...

But honestly, traditional financial institutions are truly scared this time, haha.

The widespread adoption of stablecoins will be the end of it; fiat currency still relies on government support to survive.

Is BlackRock's prediction not alarmist? It seems a bit exaggerated.

Once the Genius Act is passed, Wall Street will call it professional, but every revolution comes at a cost.

Are the funds from emerging markets really flowing into stablecoins? I find these numbers hard to believe.

Challenging government control... sounds intense, can reality play out like this?

The banking system is about to be reconstructed; the times have changed, guys.

GasFeeCrier · Answer

Are stablecoins really going to replace fiat currency? BlackRock and Standard Chartered are probably just rushing because they're scared...

The $1 trillion loss in emerging markets, to put it plainly, is just their own cheese being passively affected...

Wait, with this move in the "Genius Act," traditional finance really can't hold up anymore, right?

This game of chess, can the government just sit and wait? They will definitely need to take action.

Speaking of which, the speed of stablecoin adoption is indeed ridiculously fast, but whether they will fully replace fiat depends on how each country regulates it.

BlackRock is saying one thing about risks but is probably also planning their moves... How likely is it that they are telling the truth?

This time, emerging markets are about to turn things around.

SmartContractDiver · Answer

Are stablecoins really that powerful now? It feels like the government and Wall Street can't sit still.

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Haha, BlackRock and Standard Chartered are really panicking this time. Basically, they're afraid of being wiped out.

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Is the $1 trillion deposit outflow from emerging markets real? That's a scary number...

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Wait, is the Genius Act really that awesome? Does that mean traditional banks are going to be phased out?

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Is Web3 really going to reshape the financial order, or is it just another hype?

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The more warnings there are, the better. It indicates that stablecoins are threatening vested interests.

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It seems like a signal that major institutions are starting FUD, which is actually a positive sign.

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Will emerging markets really abandon fiat currency? That's a bit outrageous.

HallucinationGrower · Answer

Wait, BlackRock and Standard Chartered are taking stablecoins seriously? This is really going to be a revolution.

Stablecoins wiping out $1 trillion in deposits... Central banks in emerging markets must be feeling pretty uncomfortable.

Wall Street is getting anxious, this is the real focus.

With the release of the "Genius Act," traditional finance is directly sidelined, it's really unsustainable.

Is there a day when dollar hegemony will also be at risk?

BlackRock's words are quite harsh, clearly indicating that stablecoins are the future.

Emerging market users turning to stablecoins can't be stopped at all.

The days of traditional banks are becoming increasingly difficult.

I'm a bit suspicious why regulators haven't come out to make a fuss yet.

Now, central banks around the world should be unable to sit still.

Are stablecoins really going to reshape the financial order?

But on the other hand, who can really afford to bet?

NervousFingers · Answer

Are stablecoins really going to disrupt the livelihoods of central banks around the world? BlackRock's prediction is a bit bold... but the claim that Standard Chartered's $1 trillion in deposits is flowing out does sound a bit scary.

Forget it, traditional finance should have been disrupted a long time ago.

Is Wall Street panicking this time?

I don't really believe this thing can truly shake the position of fiat, but it's definitely worth paying attention to.

What BlackRock said might actually become a reality... that's the interesting part.

If this wave really comes, people in emerging markets will start stockpiling USDT.

NftDeepBreather · Answer

Are stablecoins really that powerful? It feels like traditional finance is about to be overthrown, but over in the US, they probably won't let it go so smoothly.

HappyMinerUncle · Answer

Stabilizing cryptocurrencies to work with central banks sounds great... but there's still a long way to go before it becomes a reality.

Traditional finance folks are panicking, and that's the funniest part haha.

BlackRock is getting anxious, what does that mean? It means we should have jumped on the bandwagon earlier, brothers.

$10 trillion in deposits are flowing in, the opportunity in emerging markets has arrived, everyone.

The operation of the Genius Bill, Wall Street must be crying in the bathroom, right?

That's why I say stablecoins are the future, and you're still holding and watching?

Challenging fiat currency... dreams are still worth having, what if it comes true?

Standard Chartered has started warning, which shows the trend has indeed arrived, everyone.

Do stablecoins challenge the traditional financial order? BlackRock and Standard Chartered Bank speak out intensively

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