Moody's analysts: Stablecoins will not pose a threat to banks in the short term.

CoinFeed reported on April 20th, citing Cointelegraph, that Abhi Srivastava, Vice President of Moody's Investors Service Digital Economy Group, stated that stablecoins have a "limited" impact on the banking industry at this stage. He pointed out that while stablecoin usage remains limited, their market capitalization has exceeded $300 billion, and their role in payments, cross-border commerce, and on-chain finance is "expanding." The existing US payment system is already "fast, low-cost, and reliable," and US regulations prohibiting stablecoins from paying yields make it unlikely that stablecoins will significantly replace traditional deposits in the short term. However, with the increasing adoption of stablecoins and tokenized RWAs, they could put pressure on the banking industry in the long term, leading to deposit outflows and reduced lending capacity.