Ailing Silvergate Capital’s decision to shutter its instant settlement service SEN, which was popular among large investors, will boost the role of stablecoins and their issuers in crypto trading, market research firm Kaiko said in a report published Monday.

Silvergate is a key banking partner to many digital asset firms, and its SEN platform has been a widely used vehicle for institutional investors to send money to crypto exchanges. As the bank delayed filing its annual report last week and warned about possible regulatory inquiries, multiple firms, including Coinbase, Circle, Paxos, Binance.US, Galaxy Digital and Gemini suspended transfers and operations with Silvergate.

“With the death of SEN, stablecoins will likely become even more ubiquitous among traders,” the Kaiko report said.