BlackRock 2026 Outlook: Stablecoins are impacting global monetary sovereignty, with emerging markets bearing the brunt.

[BlackRock 2026 Outlook: Stablecoins Are Impacting Global Monetary Sovereignty, Emerging Markets Bear the Helm] According to Mars Finance, on January 2nd, BlackRock stated in its "2026 Global Market Outlook" that stablecoins will challenge governments' control over fiat currencies. With the surge in stablecoin adoption, the scale of fiat currency use in emerging market countries risks shrinking. This prediction comes shortly after Standard Chartered Bank warned in October that the widespread adoption of stablecoins could lead to a loss of over $1 trillion in deposits from emerging market bank accounts. Similar challenges exist in the US banking industry. The landmark stablecoin legislation, the Genius Act, signed into law in July, allows crypto companies to offer yield-like products prohibited by traditional banks, posing a threat to traditional financial institutions. Samara Cohen, Head of Global Markets Development at BlackRock, stated, "Stablecoins are no longer niche products; they are becoming a bridge between traditional finance and digital liquidity."