BlackRock: Global capital giants reach a consensus that stablecoins are about to enter a phase of systemic financial impact.

BlackRock, in its 2026 Global Outlook, points out that stablecoins will challenge governments' control over fiat currencies. As stablecoin adoption surges, the use of fiat currencies in emerging market countries risks shrinking. This forecast comes shortly after Standard Chartered Bank 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 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. Samara Cohen, Head of Global Markets Development at BlackRock, stated: “Stablecoins are no longer niche products; they are becoming a bridge between traditional finance and digital liquidity.” (DL News)