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Kevin Susanto: Up to $6 trillion in U.S. bank deposits could move to stablecoins

Kevin Susanto: Up to $6 trillion in U.S. bank deposits could move to stablecoins
U.S. bank deposits may flow to stablecoins

Kevin Susanto, industry influencer, highlights concerns among major U.S. banks regarding the potential impact of stablecoins on traditional deposits.

According to Susanto, Bank of America's CEO informed Congress that as much as $6 trillion—roughly 30% of all U.S. bank deposits—could transition into stablecoins. Susanto notes that while banks are not directly warning the public about crypto, they are alerting one another to the significant risks posed by stablecoin adoption within the financial sector.

Susanto recently attended Money 20/20 in Bangkok, where industry leaders discussed payments, on-ramp solutions, and financial infrastructure at the event. He has also covered the launch of Binance’s Chat feature, which combines social messaging and crypto payments on one platform to streamline user experience. These prior moves reflect ongoing interest in digital payment solutions among global financial players.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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