October 14th 2026, 5:54 PM
Standard Chartered Shifts Stablecoin Forecast to 2030 Amid Supply Growth Stalls
Key Summary
Standard Chartered has revised its stablecoin market forecast to 2030, citing stalled supply growth despite record transaction volumes, indicating a slower pace to the $2 trillion market milestone.
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Revised Stablecoin Forecast
Standard Chartered has pushed back its $2 trillion stablecoin market forecast to 2030 from 2028, citing stalled supply growth despite record transaction volumes.Stablecoin Supply Growth Stalls
The bank's revised forecast suggests that the stablecoin market will take longer to reach its $2 trillion milestone.Transaction Activity Remains Strong
However, actual usage continues to climb, with raw on-chain transfer value hitting a monthly record of $19 trillion in May, and monthly volume averaging just under $10 trillion so far this year.Cyclical Slowdown
Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick attributed the slowdown to a cyclical rather than structural issue, noting that it coincided with weak broader crypto market activity.Emerging Competition
Kendrick expects the sharpest competition to emerge in developed-market payments and transactions, with potential challengers including USDT and USDC.#Stablecoins#StandardChartered#USDC#USDT#Crypto