BlackRock: Stablecoins are no longer a niche market; they will challenge fiat currency dominance and reshape the landscape of bank deposits.

PANews reported on January 2nd, citing DL News, that BlackRock, in its "2026 Global Outlook," pointed out that stablecoins will challenge governments' control over fiat currencies. With the surge in stablecoin adoption, the use of fiat currencies in emerging market countries risks shrinking. Samara Cohen, Head of Global Markets Development at BlackRock, stated: "Stablecoins are no longer a niche product; they are becoming a bridge between traditional finance and digital liquidity."

Standard Chartered Bank in the UK reportedly warned in October that the widespread adoption of stablecoins could lead to a loss of over $1 trillion in deposits from emerging market bank accounts. Similar challenges exist in the US banking sector. The landmark stablecoin Genius Act, signed into law in July, allows crypto companies to offer yield-like products prohibited by traditional banks, posing a threat to traditional financial institutions.