The CLARITY Act and the Future of Interest Rates: Will Stablecoins 'Kill' Savings Deposits?
The attention of the financial world is focused on the desk of President Donald Trump, where the CLARITY Act is awaiting approval. This is seen as the trigger for legalizing interest rates on stablecoins, creating a strong competitor to bank deposits. Standard Chartered believes that the decline in deposits will directly reduce income from NIM, which is the most important driver of bank profits. This is a revolution in financial structure, where digital asset trading activities are beginning to encroach heavily into the territory of fiat money.
Although risks are present, this is also an opportunity for financial institutions to innovate. Supporting infrastructure for stablecoins could help banks diversify their revenue sources instead of relying solely on interest rate spreads. The collaboration between digital platforms and banking systems will help the asset transfer process occur safely, transparently, and minimize regulatory violation risks. Today's users are increasingly savvy and always demand optimization for their capital. If banks cannot provide returns equivalent to stablecoins, they will soon see 500 billion USD leave their balance sheets in the coming years, marking a new era of controlled decentralized finance. $BTC $USDC
