The stablecoin market has surpassed $316 billion, according to a report by S&P Global Market Intelligence. Despite this growth, the banking sector's adoption of stablecoins remains limited, with only 7% of 100 surveyed banks developing relevant frameworks and none having launched pilot programs. Key concerns for banks include potential deposit outflows, increased competition, and uncertain revenue impacts. Large banks are expected to focus on tokenized deposits, while smaller banks will prioritize fiat on- and off-ramps, necessitating significant system upgrades across the industry.