Standard Chartered Delays $2T Stablecoin Forecast to 2030 as Supply Growth Stalls

The revision matters less as a forecast miss than as a signal that the bank's core assumption — steady, compounding supply growth — is not holding in the current environment. Stablecoin supply is the base layer for tokenized settlement and RWA liquidity, so a stall there ripples into every product built on top of it. The open question is whether this reflects a cyclical pause or a structural ceiling; Standard Chartered's own two-year pushback suggests it now leans toward the latter.