Survey Reveals Banks Face $230 Billion Revenue Loss Due to Rise of Stablecoins

According to a survey conducted by Capgemini, banks are at risk of losing up to $230 billion in payments revenue as stablecoins, tokenized deposits, and central bank digital currencies become more widely adopted. The findings, detailed in Capgemini's World Payments Report 2027, project that these financial instruments could account for approximately 4% of global payments volume by 2030.

The report highlights that nearly 60% of large corporations would consider using stablecoin services from non-banking entities if their current banks do not keep pace with technological advancements. Despite this, 71% of respondents still prefer banks for tokenized payments when cost and quality are comparable.

Currently, only 21% of banks are actively scaling at least one of these new payment tools. Tokenized deposits have emerged as a primary focus for banks, as they remain on balance sheets and comply with existing regulations. Institutions that are already implementing these tools are reportedly three times more likely to discover new revenue streams and anticipate offsetting potential losses within 15 months, compared to 25 months for others.

Jeroen Hölscher, Capgemini’s global head of payment services, emphasized the urgency for banks to define their roles in this evolving ecosystem, stating, “With $230 billion at stake, banks must decide what role they want to play in this emerging ecosystem.” The report surveyed 1,110 corporates with revenues exceeding $1 billion and 300 banking executives across nine markets.