Stablecoin Market Size Expectations Delayed to 2030

Geoffrey Kendrick, the global head of digital asset research at Standard Chartered Bank, has pushed back the expected timeline for the stablecoin market to reach $2 trillion from 2028 to 2030 in a recent report. Currently, the supply of stablecoins is approximately $309 billion, maintaining a range between $300 billion and $320 billion over the past 12 months. Kendrick believes that the stagnation in supply growth this year is a cyclical issue, coinciding with the sluggish activity in the cryptocurrency market. The usage of stablecoins continues to grow, with the average monthly on-chain transfer volume nearing $100 billion this year, exceeding the $40 billion projected for 2025, and setting a record of $190 billion in a single month in May. The report highlights that regulation poses the main risk to this forecast, with the U.S. GENIUS Act set to take effect in January 2027.

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