BlockBeats News, January 27th, a Standard Chartered Bank analyst stated in a report that stablecoins pose a real 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 stablecoins' risk to banks. Geoff Kendrick estimated that U.S. bank deposits would decrease as the market cap of stablecoins grows, with the reduction amounting to a percentage of the stablecoin market cap. Regional U.S. banks are expected to be most affected, while investment banks would see the least impact. The report indicated that only 0.02% and 14.5% of Tether's and Circle's reserves, respectively, are in bank deposits, indicating a very low rehypothecation ratio.