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BlackRock 2026 Outlook: Stablecoins to Challenge Sovereignty of Fiat Currencies, Becoming Bridge Between Traditional Finance and Digital Liquidity
Summary: BlackRock stated in its '2026 Global Market Outlook' that stablecoins will challenge governments' control over fiat currencies. With the increasing adoption of stablecoins, there is a risk of shrinking the use of fiat currencies in emerging markets. This prediction comes shortly after Standard Chartered Bank in the UK warned in October that the widespread use ...
BlackRock stated in its '2026 Global Market Outlook' that stablecoins will challenge governments' control over fiat currencies. With the increasing adoption of stablecoins, there is a risk of shrinking the use of fiat currencies in emerging markets. This prediction comes shortly after Standard Chartered Bank in the UK warned in October that the widespread use of stablecoins could lead to over $1 trillion in deposits flowing out of emerging market bank accounts. Similar challenges also exist in the US banking industry. The milestone stablecoin law 'Genius Act', which came into effect in July this year, allows crypto companies to offer income-like products that traditional banks are prohibited from offering, posing a threat to traditional financial institutions. Samara Cohen, BlackRock's Global Head of Market Development, stated that stablecoins are no longer niche products, but are becoming a bridge between traditional finance and digital liquidity.
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Link: BlackRock 2026 Outlook: Stablecoins to Challenge Sovereignty of Fiat Currencies, Becoming Bridge Between Traditional Finance and Digital Liquidity [Copy]
