CSBS survey: 60% of US regional banks fear deposit flight to stablecoins

• —37.8% of banks called deposit flight to stablecoins the most significant risk, 22.4% a moderate one
• —59.5% flagged regulatory arbitrage risk, while 47.0% cited falling card and payment fee income
• —37.0% plan to join stablecoin networks via core-system providers, 12.3% via partnerships with existing issuers
• —The survey ran from April 15 to July 15 among banks with less than $10 billion in assets