Standard Chartered · The Block
Standard Chartered Bank has pushed its stablecoin market forecast to $2 trillion by 2030, up from 2028
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The bank is keeping its $2 trillion estimate, but now expects the market to take two years longer to reach it, Geoffrey Kendrick, Standard Chartered's global head of digital assets research, said in a Wednesday report.
Key facts
- Stablecoin supply has remained between $300 billion and $320 billion over the past 12 months and currently stands at around $309 billion, Kendrick said
- Standard Chartered Bank has pushed its stablecoin market forecast to $2 trillion by 2030, up from 2028, after supply growth stalled this year
- Meanwhile, average monthly stablecoin velocity, which measures how many times each dollar stablecoin changes hands, has doubled to around 30 times this year from 15 times in 2025, Kendrick said
- The bank is keeping its $2 trillion estimate, but now expects the market to take two years longer to reach it, Geoffrey Kendrick, Standard Chartered's global head of digital assets research, said
Summary
Standard Chartered Bank has pushed its stablecoin market forecast to $2 trillion by 2030, up from 2028, after supply growth stalled this year. Stablecoin supply has remained between $300 billion and $320 billion over the past 12 months and currently stands at around $309 billion, Kendrick said. Past periods of flat or falling stablecoin supply were followed by renewed growth after crypto markets recovered, Kendrick noted. While stablecoin supply growth has stalled, usage or transaction activity has continued to increase, Kendrick said, noting raw onchain transfer value reached a monthly record of $19 trillion in May.