2026-01-02 16:23:36

Regarding the future of stablecoins, there is an interesting prediction worth noting. BlackRock explicitly stated in its latest "2026 Global Market Outlook" that stablecoins are challenging governments' control over fiat currencies.

The data is clear. Standard Chartered Bank in the UK warned as early as October that the continued popularity of stablecoins could lead to a loss of over $1 trillion in deposits from emerging market bank accounts. This is not a low-probability event but a real risk. As more people embrace stablecoins, the use of local currencies in emerging markets faces genuine contraction pressure.

Interestingly, the US is also not immune. The "Genius Act," which took effect in July, marks a watershed—this stablecoin legislation unprecedentedly allows crypto companies to do things traditionally prohibited for banks, such as offering yield-like products. For traditional financial institutions, it’s like someone next door is nibbling away at their business.

What does BlackRock’s Global Market Development Head, Samara Cohen, think? Her statement is very straightforward: "Stablecoins have long ceased to be a niche. They are playing the role of a bridge between traditional finance and digital liquidity." In other words, stablecoins have shifted from a fringe topic to a mainstream narrative.

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GateUser-6bc33122

· 4h ago

The Genius Act really dealt a heavy blow to traditional banks this time. Crypto companies are directly bypassing them to offer yield products. No wonder BlackRock can't sit still anymore.

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PuzzledScholar

· 5h ago

BlackRock's recent prediction is quite aggressive, directly naming stablecoins as eroding fiat currency dominance... But on the other hand, is this an opportunity or a risk for retail investors?

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AirdropDreamBreaker

· 5h ago

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NFTHoarder

· 5h ago

Stablecoins are really becoming more and more wild, it feels like traditional finance is about to be spun around. If BlackRock dares to say this, it means this issue can no longer be ignored. $1 trillion has been lost... Emerging markets really can't hold on anymore. Once the Genius Act was introduced, those in the banking sector were getting anxious, as crypto companies overtook them in a bend. If stablecoins truly become mainstream, central banks around the world will have to start taking it seriously. So, is the future a coexistence of stablecoins and fiat currency? It's not that simple. BlackRock has really said what the government fears most this time.

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