TREE NEWS reports: Standard Chartered global head of digital asset research Geoffrey Kendrick pushed back his forecast for the stablecoin market to reach $2 trillion, from 2028 to 2030. Stablecoin supply is about $309 billion and has held between $300 billion and $320 billion over the past 12 months. Kendrick called the stalled growth cyclical, not structural, while average monthly on-chain transfer volume neared $10 trillion this year, with a record $19 trillion in May.
StanChart Delays $2T Stablecoin Market Forecast to 2030
AI take
The revision matters less for the new date than for what it concedes: supply has been range-bound for a year, so the $2 trillion milestone is now a bet on a cyclical turn rather than an extrapolation of current growth. The gap between flat supply and record transfer volumes suggests stablecoins are increasingly used as settlement rails rather than as stores of value, which changes what adoption actually looks like. Whether supply finally breaks out of its band, or usage keeps growing without it, is the open question.
Generated by AI for reference only.
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