Will stablecoins replace banks? The future of money

Stablecoins could reshape payments and compete with banks without replacing their broader financial services. Research highlights potential effects on bank deposits, lending, liquidity, and demand for US Treasury securities. By 2030, banks and stablecoin issuers may increasingly integrate blockchain technology and traditional financial infrastructure. The global banking system is facing an unusual challenge. For centuries, banks have played a central role in storing money, processing payments, and providing credit. Today, a new generation of digital financial instruments is beginning to challenge parts of that model. Stablecoins, which are designed to maintain a relatively constant value against traditional currencies, allow people and businesses to transfer money through blockchain networks.

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