S&P Global: Despite the continued expansion of the stablecoin market, the banking industry remains cautiously observant.

DeepFlowTech · 2026-04-09T12:38:59+00:00

S&P Global's report indicates that although the stablecoin market has exceeded $316 billion, banks' involvement remains in the early stages, with only 7% of surveyed banks having established relevant frameworks. Banks are concerned about deposit outflows and revenue impacts, and expect large banks to explore tokenized deposits, while smaller institutions may participate through fiat channels. Banks need to upgrade their systems on a large scale to support digital asset businesses.

DeepFlowTech

2026-04-09 12:38:59

Abstract generation in progress

Deep Tide TechFlow News, April 9th, according to CoinDesk, S&P Global Market Intelligence released a report indicating that although the stablecoin market size has surpassed $316 billion, the banking sector’s overall strategic deployment of stablecoins remains in the early exploratory stage.

S&P Global’s Q1 2026 survey shows that among 100 surveyed banks, only 7% are developing relevant frameworks, with none conducting actual pilots. Major concerns faced by banks include the risk of deposit outflows, increased competition from non-bank institutions, and unclear impacts on revenue.

Regarding strategic differentiation, the report predicts that large banks will explore issuing tokenized deposits, while small and medium-sized institutions are more likely to participate through fiat on/off ramps. Regardless of the strategy adopted, banks will need to upgrade their existing systems on a large scale to support real-time digital asset services.

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