BlackRock: Global Capital Giants' Consensus Heats Up, Stablecoins to Enter Systemic Financial Impact Phase

Odaily News BlackRock pointed out in its "2026 Global Outlook" that stablecoins will challenge governments' control over fiat currencies. As stablecoin adoption surges, there is a risk of shrinking usage scale for fiat currencies in emerging market countries. Shortly before this prediction was released, UK's Standard Chartered Bank warned in October that the popularity of stablecoins could lead to a loss of over $1 trillion in deposits from bank accounts in emerging markets. Similar challenges also exist in the US banking sector. The landmark stablecoin bill, the "Genius Act," signed into law this July, allows crypto companies to offer yield-like products that traditional banks are prohibited from providing, posing a threat to traditional financial institutions. Samara Cohen, Global Head of Market Development at BlackRock, stated: "Stablecoins are no longer niche products; they are becoming a bridge between traditional finance and digital liquidity." (DL News)