Standard Chartered pushes $2 trillion stablecoin forecast back to 2030
Standard Chartered has delayed its forecast for the stablecoin market reaching $2 trillion from 2028 to 2030, pointing to plateaued supply growth despite surging transaction activity.
Standard Chartered has pushed back its projection for the stablecoin market cap to reach $2 trillion to 2030 from 2028, citing stalled supply growth this year, according to reports by The Block and Coin Telegraph. The bank maintained the $2 trillion valuation target itself, while noting that current supply has stalled near $309 billion for roughly a year.[1][2][3][4]
Despite the stagnant supply, usage metrics continue to climb. Standard Chartered Research data sourced from Allium shows stablecoin on-chain transfer value averaging nearly $10 trillion per month in 2026, up from $4 trillion in 2025, with circulation velocity doubling to 30x.[2][3]
The bank identified four distinct stablecoin markets: emerging-market savings, developed-market transactions, crypto markets, and AI-to-AI payments. Standard Chartered highlighted developed-market transactions, led by USDC, as the most contested segment, noting that USDC also leads in AI-related transactions as competition among issuers increases around reserve yields.[1][2]
Key facts
- Standard Chartered postponed its $2 trillion stablecoin market cap forecast to 2030 from its previous 2028 timeline.
- The revision follows stalled stablecoin supply, which has hovered near $309 billion for roughly a year.
- On-chain transfer value averaged nearly $10 trillion per month in 2026, rising from $4 trillion per month in 2025.
- Stablecoin velocity doubled to 30x.
- Standard Chartered divided the ecosystem into four markets: emerging-market savings, developed-market transactions, crypto markets, and AI-to-AI payments.
- USDC currently leads developed-market transactions and AI payments, with developed-market transactions viewed as the most contested sector amid intensifying competition over reserve yields.
Sources · 4 sources
- CT
Coin TelegraphArticle ·
Standard Chartered pushes $2T stablecoin forecast to 2030 as transaction volumes grow The bank identified four distinct stablecoin markets, with USDC leading payments and AI transactions as competition intensifies over reserve yields.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Standard Chartered has pushed back its $2 trillion stablecoin market cap forecast to 2030 from 2028, citing stalled supply growth this year. The bank maintained the forecast itself, compared with the current market cap of about $309 billion. StanChart said stablecoin usage continues to grow across emerging-market savings, developed-market transactions, crypto markets and AI-to-AI payments. It sees developed-market transactions, currently led by $USDC, as the "most contested" segment.
Open source - FC
Frank Chaparro@fintechfrankPost on X ·
Stablecoin supply has been stuck near $309bn for a year, but usage has grown. On-chain transfer value is averaging nearly $10tn a month in 2026, up from $4tn in 2025. Velocity has doubled to 30x. Standard Chartered still forecasts a $2tn stablecoin market, but now by 2030 instead of 2028 bc supply growth has stalled.
Open source - TB
The BlockArticle ·
Standard Chartered pushes $2 trillion stablecoin market forecast to 2030 as supply growth stalls Standard Chartered Bank has pushed its $2 trillion stablecoin market forecast to 2030 from 2028 because supply growth has stalled this year.
Open source