BlackRock: The consensus among global capital giants is warming up, and stablecoins will enter a phase of systemic financial impact

According to DL News, BlackRock pointed out in its "2026 Global Market Outlook" that stablecoins will challenge governments' control over fiat currencies. As the adoption rate of stablecoins surges, there is a risk of shrinking usage of fiat currencies in emerging market countries.

Shortly before this prediction was released, Standard Chartered Bank in the UK warned in October that the proliferation 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 U.S. banking sector. The landmark stablecoin legislation, the "Genius Act," which took effect in July this year, allows crypto companies to offer yield-like products that traditional banks are prohibited from providing, posing a threat to traditional financial institutions.

Samara Cohen, BlackRock's Global Head of Market Development, stated, "Stablecoins are no longer niche products; they are becoming a bridge between traditional finance and digital liquidity."