Banks Face $230 Billion Payments Revenue Threat as Stablecoins and Tokenized Deposits Gain Traction — Capgemini SE

Event summary

Stablecoins, tokenized deposits, and CBDCs could capture 4% of global payments volume by 2030, risking $230 billion in bank revenue.
Nearly 60% of corporates are open to sourcing stablecoin services from non-bank providers if banks fail to keep pace.
USD 4 trillion is trapped in accounts funding cross-border payment flows, limiting capital deployment for lending or investment.
Only 21% of banks are actively scaling at least one accelerated intelligent money instrument, while 79% are still evaluating.
Leading banks are three times more likely to identify new revenue streams and offset declining transaction revenue within 15 months.

The big picture

The global payments industry is at a tipping point as stablecoins, tokenized deposits, and CBDCs transition from experimentation to commercialization. Banks risk losing $230 billion in payments revenue as these instruments capture a growing share of the market. The shift is driven by corporate demand for faster, more transparent, and cost-effective cross-border payment solutions. Banks that fail to adapt risk losing deposits and payment flows to non-bank providers, while those that lead the transformation stand to capture new revenue streams and retain corporate relationships.

What we're watching

Adoption Dynamics: How the pace of stablecoin and tokenized deposit adoption will affect traditional banking revenue streams.
Regulatory Clarity: Whether regulatory frameworks will keep up with the commercialization of accelerated intelligent money instruments.
Execution Risk: The ability of leading banks to scale tokenized deposits and other intelligent money instruments before mainstream competitors catch up.