TechFlow News, April 9: According to a CoinDesk report, S&P Global Market Intelligence’s latest report states that although the stablecoin market has surpassed $31.6 billion in size, banks’ strategic engagement with stablecoins remains largely in the early exploratory phase.
According to S&P Global’s Q1 2026 survey of 100 banks, only 7% are currently developing relevant frameworks, and none have launched live pilots. Key concerns cited by banks include risks of deposit outflows, intensifying competition from non-bank entities, and uncertain impacts on revenue.
Regarding strategic divergence, the report forecasts that large banks will explore issuing tokenized deposits, while mid- and small-sized institutions are more likely to participate via fiat on-ramp and off-ramp services. Regardless of their chosen strategy, banks will need to undertake extensive upgrades to their existing systems to support real-time digital asset operations.
