Standard Chartered delays $2T stablecoin market cap forecast to 2030
Summary
Standard Chartered has revised its forecast for the stablecoin market cap, now predicting it will reach $2 trillion by 2030, delayed from an earlier estimate of 2028 due to stalled supply growth this year. The current market cap stands at approximately $309 billion. The bank highlights that stablecoin usage is on the rise across various sectors, including emerging-market savings and developed-market transactions, the latter of which is recognized as the "most contested" segment, particularly with $USDC currently leading in this space.
Tokens
$USDC
Analysis
$USDC: USDC is a USD-pegged stablecoin issued by Circle that serves as a bridge between traditional finance and cryptocurrency markets. It is widely integrated into trading platforms, payments, and decentralized finance applications. The bank identifies it as the current leader in developed-market transaction volumes among stablecoins. Standard Chartered: Standard Chartered is a multinational bank headquartered in London with a strong focus on Asia, Africa, and the Middle East, offering corporate and institutional banking services. The institution regularly publishes research on emerging financial technologies including digital assets. In this news, it updated its long-term projection for the stablecoin sector while observing ongoing expansion in multiple use cases. Market Competition: Developed-market transaction activity is viewed as the most contested area for stablecoin providers. Stablecoin Applications: Stablecoin usage is expanding across savings in emerging markets, everyday transactions in developed economies, crypto trading, and emerging AI-to-AI payment scenarios.
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