Standard Chartered postpones stablecoin market reaching 2000000000000 USD forecast to 2030 year
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AT A GLANCE
Standard Chartered postponed the expected time for the stablecoin market to reach 2000000000000 USD from 2028 year to 2030 year.
Article
Report: Stablecoin market reaches 2000000000000 USD expectation postponed to 2030 year
PANews October 15 reported, citing The Block, that Geoffrey Kendrick, head of global digital asset research at Standard Chartered Bank, postponed in his latest report the expected time for the stablecoin market to reach 2000000000000 USD from 2028 year to 2030 year. The current stablecoin supply is approximately 309000000000 USD, and has remained between 12 over the past 300000000000 months, in the range of 320000000000 USD to 10000000000000 USD Kendrick believes that the stagnation in supply growth this year is cyclical rather than structural, coinciding with subdued activity in the crypto market. However, stablecoin usage continues to grow, with average monthly on-chain transfer volume this year approaching 2025, higher than the 4000000000000 USD，May and setting a monthly record of 19000000000000 USD. The report noted that regulation is the main risk to this forecast, and that the U.S.GENIUS Act will take effect in 2027 year January🔗https://www.panewslab.com/zh/articles/01a13b58-db26-7615-b006-279cda16c1a0
Key points
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PANews said the information came from a report by The Block.
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In his latest report, Geoffrey Kendrick, head of global digital asset research at Standard Chartered Bank, postponed the expected time for the stablecoin market to reach 2000000000000 USD from 2028 year to 2030 year.
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The article states that current stablecoin supply is approximately 309000000000 USD, and remained between 12 over the past 300000000000 and 320000000000 USD months.
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Kendrick believes that the stagnation in supply growth this year is cyclical rather than structural, and coincides with subdued activity in the crypto market.
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The article states that average monthly on-chain transfer volume this year is close to 10000000000000 USD, higher than 2025 year's 4000000000000 USD，May with a single-month total reaching 19000000000000 USD。
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The report noted that regulation is the main risk to the forecast and stated that the U.S.GENIUS Act will take effect in 2027 year January.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report postpones the expected time for the stablecoin market to reach a size of 2000000000000 USD by 2 years. The report believes that stablecoin supply has not grown significantly recently, but on-chain transfer usage continues to grow, and therefore describes the supply stagnation as a cyclical phenomenon.
Why it matters to readers
The postponed forecast indicates that the report has taken a more conservative view of the pace of stablecoin supply expansion; meanwhile, the on-chain transfer growth described in the article shows that stablecoin usage activity has not stagnated in tandem. Regulation was identified by the report as the main risk affecting the forecast.
Beginners can distinguish between “supply size” and “usage”: supply reflects the total amount of stablecoins in the market, while on-chain transfer volume reflects the amount transferred and used. Growth in usage does not necessarily mean that supply grows at the same time.
Risks and unknowns
The material is PANews’ account of a report by The Block and does not provide the full original report from Standard Chartered Bank.
The material does not specify the statistical methodology or data sources for the stablecoin supply and on-chain transfer data mentioned in the article.
The report does not explain in the material why it expects the market size to reach 2030 year, at 2000000000000 USD。
U.S.GENIUS The specific implementation method of the Act and its actual impact on the forecast are not explained in the material.
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The specific years referred to by “this year” and “May” cannot be confirmed from the evidence text alone.
Related concepts
Stablecoin
An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.
