S&P Global: Stablecoin market exceeds 316 billion dollars, banks are still in the early stages of deployment

Odaily reported that S&P Global Market Intelligence released a report indicating that the stablecoin market size has exceeded $316 billion, but the banking sector’s strategic planning is still at an early stage. Of the 100 banks surveyed for Q1 2026, only 7% are formulating relevant frameworks and no institutions have started pilot projects. Major concerns among banks include deposit outflows, increased competition, and uncertain impacts on revenue. It is expected that large banks will focus on tokenized deposits, while small and medium-sized banks will prioritize fiat on/off-ramps, and all will need to undertake large-scale upgrades of their existing systems. (CoinDesk)