TechFlame News, Standard Chartered analysts stated in a report that stablecoins pose a genuine risk to global and U.S. bank deposits. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, noted in the report that the delay of the U.S. CLARITY Act serves as a reminder of the risks stablecoins pose to banks. Geoff Kendrick estimates that U.S. bank deposits will decline in proportion to the growth of the stablecoin market capitalization, with the reduction roughly matching the weight of the stablecoin market value. Among U.S. banks, regional banks are expected to be the most affected, while investment banks will be the least impacted. The report reveals that only 0.02% and 14.5% of Tether and Circle's reserves, respectively, are held as bank deposits, indicating an extremely low redeposit ratio.