Standard Chartered Bank's latest report warns: In the next three years, emerging markets may see a trillion-dollar "deposit migration"! Funds will flow from the banking system to dollar stablecoins, with an estimated scale of $1.05 trillion.

The core driving force behind this shift is that stablecoins precisely hit the pain points of emerging markets: they can hedge against 84.5% high inflation like Argentine users do, and reduce cross-border remittance costs from 10% to a few cents, with arrival times shortened to a few minutes. Currently, the savings scale of stablecoins in emerging markets has reached $173 billion, and Standard Chartered predicts it will surge to $1.22 trillion by 2028.

This wave has already triggered a chain reaction: 90% of financial institutions are laying out stablecoins, but it may weaken the monetary sovereignty and financial stability of emerging markets. The "money bags" of traditional banks are being quietly emptied by the "dollar accounts" of the digital age.