Stablecoin Market Growth Forecast Delayed to 2030
Written with artificial intelligence.
According to a report by Geoffrey Kendrick from Standard Chartered, the expected timeline for the stablecoin market to reach $2 trillion has been pushed from 2028 to 2030. Currently, the stablecoin supply stands at approximately $309 billion, with usage continuing to grow despite a stagnant supply growth this year.
Overview of the Stablecoin Market
A recent report from Geoffrey Kendrick, head of global digital asset research at Standard Chartered, indicates that the stablecoin market's anticipated growth to a $2 trillion valuation has been postponed from 2028 to 2030. As of now, the total supply of stablecoins is about $309 billion, which has remained stable between $300 billion and $320 billion over the past year.
Insights on Supply Growth
Kendrick suggests that the stagnation in supply growth this year is a cyclical issue rather than a structural one, coinciding with the overall decline in activity within the cryptocurrency market. Despite this, the usage of stablecoins is on the rise. The average monthly on-chain transaction volume this year is nearing $10 trillion, significantly higher than the projected $4 trillion for 2025. Notably, May saw a record monthly transaction volume of $19 trillion.
Regulatory Risks Ahead
The report emphasizes that regulatory changes pose a significant risk to the future of the stablecoin market. The GENIUS Act in the United States is set to take effect in January 2027, which could impact market dynamics. Investors and stakeholders should remain aware of these regulatory developments as they navigate the evolving landscape of stablecoins.