S&P Global: The scale of stablecoins has surpassed 316 billion USD, and banks' involvement is still in the early stages

S&P Global Market Intelligence released a report indicating that the stablecoin market size has surpassed $316 billion, but the overall strategic layout of the banking industry is still in its early stages.

Among 100 banks surveyed in Q1 2026, only 7% are developing relevant frameworks, and no institutions have launched pilot programs. Banks are primarily concerned about deposit outflows, intensified competition, and unclear impacts on revenue. It is expected that large banks will focus on tokenized deposits, while small and medium-sized banks will emphasize fiat currency inflows and outflows, and both will require significant upgrades to their existing systems.