Standard Chartered's Geoff Kendrick predicts FX market shift to stablecoins by 2030

Geoff Kendrick: Geoff Kendrick serves as Global Head of Digital Assets Research at Standard Chartered. He specializes in the intersection of blockchain technology and traditional markets such as foreign exchange. In this news, he publicly predicts that the entire FX market will shift to stablecoins by 2030, driven by rising liquidity in non-dollar stablecoins and onchain trading. Standard Chartered: Standard Chartered is a multinational bank focused on Asia, Africa, and the Middle East with growing digital asset initiatives. Its research team actively analyzes stablecoins, tokenization, and their integration with traditional finance. In this development, the bank’s Global Head of Digital Assets Research forecasts a full transition of the FX market to stablecoins by 2030 while the firm expands custody services for stablecoins and tokenized assets in Singapore. Bank Expansion: Standard Chartered is expanding institutional custody services for stablecoins and tokenized assets in Singapore. Research Emphasis: Analysts at leading banks continue to examine how stablecoins can replace or complement traditional FX infrastructure. Infrastructure Development: Banks and institutions are advancing pilots for onchain settlement and stablecoin-based cross-border transactions.