Stablecoin boom could eat into traditional banks' profits, warn Jefferies analysts

Analysts at Jefferies have issued a warning that the recent surge in popularity and usage of stablecoins may significantly impact the profitability of traditional banking institutions. This boom in stablecoin adoption, driven by growing consumer interest in digital currencies and the advantages they offer, could potentially lead to a reduction in the revenue streams that banks have relied on for generations. As more individuals and businesses turn to stablecoins for transactions and savings, traditional banks may find themselves facing increased competition and pressure on their financial performance. source: https://www.coindesk.com/business/2026/03/10/stablecoin-boom-could-eat-into-traditional-banks-profits-warn-jefferies-analysts