Standard Chartered projects $2T stablecoin market cap by 2030 driven by transaction growth

Standard Chartered now expects stablecoin market capitalization to reach $2 trillion by 2030, two years later than initially projected, after the market plateaued around $309 billion this year. Geoffrey Kendrick, Standard Chartered’s head of digital assets research, noted that growth is driven by increased circulation of existing stablecoins rather than new supply. USDT dominates emerging-market savings, while USDC leads developed-market payments, and both lead in crypto trading and transactions between AI agents. Regulatory developments, including the GENIUS Act, FDIC proposals, and FASB accounting standard updates, may shape future stablecoin usage.