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Standard Chartered has pushed back its forecast for the stablecoin market to reach a $2 trillion market cap to 2030 from 2028, The Block reported. The bank kept its $2 trillion market cap outlook unchanged while reflecting a slowdown in stablecoin supply growth this year. The current stablecoin market cap stands at around $309 billion.
Standard Chartered said stablecoin use continues to expand across savings tools in emerging markets, payments in developed markets, the crypto market, and payments between AI agents. It added competition is likely to be fiercest in the developed-market payments segment led by USDC.