Standard Chartered · U.S. · U.S. Treasury · Cointelegraph
Standard Chartered pushes $2 trillion stablecoin forecast to 2030 as transaction volumes grow
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
The bank identified four distinct stablecoin markets, with USDC leading payments and AI transactions as competition intensifies over reserve yields.
Key facts
- In a report shared with Cointelegraph, the bank said it now expects stablecoin market capitalization to reach $2 trillion by 2030, two years later than initially projected, after the market plateaued
- Since the GENIUS Act passed in 2025, US regulators have proposed rules governing stablecoin issuance, reserve requirements and consumer protections
- Tether’s USDt (USDT) dominates emerging-market savings, while Circle’s USDC (USDC) leads developed-market payments
- Standard Chartered’s revised forecast comes as regulatory and accounting developments in the United States could influence how businesses use stablecoins
Summary
Standard Chartered says stablecoin transaction activity continues to grow even as the market’s overall value has stalled, suggesting existing stablecoins are circulating more frequently rather than new supply driving growth. In a report shared with Cointelegraph, the bank said it now expects stablecoin market capitalization to reach $2 trillion by 2030, two years later than initially projected, after the market plateaued at roughly $309 billion this year. Geoffrey Kendrick, StanChart’s head of digital assets research, said stablecoin usage continues to expand despite slower supply growth, with existing stablecoins changing hands more frequently as their use cases diversify. Kendrick identified four distinct markets, each with different competitive dynamics.