Stablecoins grow faster than expected as more new applications emerge

Stablecoins grow faster than expected as more new applications emerge

This bank still keeps its forecast that the stablecoin market capitalization will reach $2 trillion by 2028, despite transaction volumes rising sharply thanks to new use cases such as AI-powered payments.

Stablecoin turnover rises more than expected

Standard Chartered said the level of stablecoin usage is growing faster than initially expected, as more and more new applications appear. Even so, the bank still maintains its forecast that the stablecoin market capitalization will reach $2 trillion by 2028.

The main driver comes from a sharp increase in turnover—the volume of transactions moving through stablecoins—especially in new use cases such as payments using artificial intelligence (AI).

Keep the $2 trillion forecast through 2028

According to Standard Chartered, even though the rate of stablecoin usage is exceeding expectations, the market’s long-term outlook remains unchanged. The bank continues to hold the $2 trillion mark for stablecoin market capitalization in 2028.

Stablecoins are a type of digital currency designed to maintain a stable price, typically pegged to assets such as the US dollar. Thanks to this feature, stablecoins are seen as a suitable tool for payments, remittances, and financial applications that require a high degree of stability.