An extensive joint report by Standard Chartered and Zodia Markets research has predicted stablecoins to account for 10% of the total US money supply and Foreign exchange transactions.
Stablecoins currently make up only 1% of the above metric in the US and are still a new alternative making up a tiny fraction of global financial transactions.
The Joint report titled: Stablecoins: The First Killer App by the two firms spelled out the current metrics of stablecoins in the US money flow while predicting it to surge significantly following the arrival of Donald Trump as president in 2025.
“ At present, stablecoins are equivalent in size to only 1% of US M2 transactions and just 1% of FX transactions. As the sector becomes legitimized, a move to 10% on each measure is feasible. We think both cross-border payments and (via nonUSD stablecoins) FX-equivalent transactions are key growth areas that could achieve this.
The main way for stablecoin market cap and use to…