Standard Chartered, Stablecoin market 2028 up to 2 trillion dollars forecast

Standard Chartered Forecasting The Rapid Growth Of Stablecoins (Source: SC)

According to The Latest Report Released By Standard Chartered Bank, if The Stablecoin-Related Bill Being Reviewed In The U.S. Congress is Passed By This Summer, The Stablecoin Market Size Could Expand More Than 10 Times Over The Next Four Years.

Currently, The Senate And The House Are Discussing The ‘GENIUS Bill’ And The ‘STABLE Bill’, Respectively, Both Of Which Aim To Clarify The Standards For Issuance And Operation Of Stablecoins Within The United States. The Report Identifies That President Trump Plans To Sign These Bills Before The August Congressional Recess.

If The Bill is Actually Passed, The Use Of Stablecoins In Non-Trade Areas is Expected To Increase Explosively. Standard Chartered Predicted That As A Result, The Annual Growth Rate Would Double From The Current 50% To 100%, And The Total Supply Of Stablecoins Would Reach 2 Trillion USD By The End Of 2028. The Current Market Capitalization Of Stablecoins is About 230 Billion USD.

The Report Also Mentioned The Geopolitical Effects That The Expansion Of Stablecoins Might Bring. Amidst The Recent Tariff Policies Of President Trump Weakening The Status Of The U.S. Dollar To Some Extent, The Surge In Dollar-Based Stablecoins Could Instead Serve As A Means To Strengthen The Global Dominance Of The U.S. Currency. “As The Use Of Stablecoins Increases, The Demand For USD Naturally Rises, Which Can Support The Dollar's Hegemony,” The Report Stated.

In Particular, The Report Assessed That This Trend Could Be An “Effective Countermeasure To The Short-Term Decrease In Dollar Demand Due To Tariff Policies.” It Was Emphasized That Stablecoins Could Become A Strategic Asset For Maintaining And Expanding The U.S.'s Financial Dominance Beyond Being A Mere Cryptocurrency Means.

As The Regulation Of Digital Assets Becomes Full-Scale, The Probability That Stablecoins Might Act As An Important Variable In The U.S. Economic And Monetary Policies Has Increased. The Market is Closely Watching The Timing Of The Bill’s Passage And The Resulting Investment Opportunities.