{"id":95116,"date":"2026-03-11T11:23:18","date_gmt":"2026-03-11T08:23:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95116"},"modified":"2026-03-11T11:25:39","modified_gmt":"2026-03-11T08:25:39","slug":"jefferies-warns-of-stablecoin-threats-to-banks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jefferies-warns-of-stablecoin-threats-to-banks\/","title":{"rendered":"Jefferies Warns of Stablecoin Threats to Banks"},"content":{"rendered":"

The market capitalization of the stablecoin<\/a> sector could reach $1.15 trillion in the next five years, leading to a gradual outflow of deposits from traditional banks, according to analysts at Jefferies, as reported by CoinDesk<\/a>.\u00a0<\/p>\n

They noted that the accelerating development of this segment is putting pressure on the profits of conventional financial institutions. While digital dollars are unlikely to cause a sudden outflow of funds, banks could lose 3% to 5% of core deposits over five years. This will inevitably increase funding costs and reduce business margins.<\/p>\n

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“The medium-term risk of a gradual outflow of deposits due to new income opportunities and payment scenarios should not be ignored,” the experts noted.\u00a0<\/em><\/p>\n<\/blockquote>\n

Stablecoins have already become a cornerstone of crypto trading. Following the adoption of the Genius Act<\/a> in the U.S., their use has significantly expanded to include everyday transactions, treasury operations, and cross-border transfers.<\/p>\n

In 2025, the adjusted volume of stablecoin transfers<\/a> exceeded $11.6 trillion, a 49% increase from the previous year. At the time of writing, the total market value of fiat-pegged tokens stands at $314 billion.\u00a0<\/p>\n

\"image\"
Source: DefiLlama<\/a>.\u00a0<\/figcaption><\/figure>\n

Jefferies anticipates that by 2030, this figure will rise to $800 billion-$1.15 trillion. For banks, this is critical: stablecoins function like digital cash 24\/7 and provide access to DeFi platforms with yields higher than traditional accounts.<\/p>\n

Bank of America CEO Brian Moynihan has already warned<\/a> that the U.S. system could lose up to $6 trillion in deposits. The Institute of Banking Policy expressed a similar view, citing a U.S. Treasury study.\u00a0<\/p>\n

Long-term Threat<\/h2>\n

The key limiting factor is regulation. The current version of the market structure bill (Clarity Act<\/a>) limits the appeal of stablecoins as a savings tool. However, the final adoption of the document in this form remains uncertain.\u00a0<\/p>\n

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“Clarity will establish stablecoins as payment, not savings instruments, closing the ‘yield loophole’ left in Genius,” Jefferies stated.\u00a0<\/em><\/p>\n<\/blockquote>\n

Some traditional financial giants are trying to adapt to the new conditions. Fidelity Investments has already issued<\/a> its own stablecoin, FIDD. Bank of America and Goldman Sachs are exploring similar opportunities.<\/p>\n

Experts estimate that banks with a high share of retail and interest-bearing deposits are most at risk of capital outflow. Jefferies analysts identified Wintrust, Flagstar, WBS, EagleBank, and Axos as among the most vulnerable institutions.\u00a0<\/p>\n

Meanwhile, large institutional players and custodians already investing in crypto infrastructure are much better protected.<\/p>\n

Back in January, SkyBridge Capital founder Anthony Scaramucci accused<\/a> U.S. banks of “killing” stablecoins to benefit China.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The growth of the stablecoin sector’s capitalization will lead to a gradual outflow of deposits from traditional banks, according to Jefferies analysts.<\/p>\n","protected":false},"author":1,"featured_media":95117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Stablecoin growth may cause deposit outflows from banks, Jefferies warns.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1138,807],"class_list":["post-95116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-opinions","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"128","promo_type":"1","layout_type":"1","short_excerpt":"Stablecoin growth may cause deposit outflows from banks, Jefferies warns.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95116"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95116\/revisions"}],"predecessor-version":[{"id":95118,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95116\/revisions\/95118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95117"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}