Standard Chartered Bank predicts that the usage of stablecoins may reach 10% of the US M2 and 01928374656574839201 trading.

ChainCatcher message, Standard Chartered Bank and Zodia Markets analysts predict that the adoption rate of stablecoins will rise significantly, potentially accounting for 10% of the US M2 transactions in the future. Standard Chartered Bank’s global digital asset research director Geoff Kendrick and Zodia Markets co-founder Nick Philpott said in a report on Thursday: ‘Currently, the scale of stablecoins is only equivalent to 1% of US M2 transactions and 1% of forex transactions, but as the industry becomes legalized, reaching 10% on each metric is feasible.’ M2 Money Supply is a key indicator for measuring the total Money Supply in the economy, including all currencies in circulation and other easily convertible assets to cash.