# Standard Chartered Delays $2 Trillion Stablecoin Target to 2030 as Supply Growth Stalls

- URL: https://stocks.freetheai.org/news/standard-chartered-delays-2-trillion-stablecoin-target-to-2030-as-supply-growth-72d5b2
- Published: 2026-10-14T15:47:18Z
- Category: crypto; sentiment: mixed; impact: medium
- Symbols: [CRYPTO:USDCUSD](https://stocks.freetheai.org/symbols/CRYPTO-USDCUSD), [CRYPTO:USDTUSD](https://stocks.freetheai.org/symbols/CRYPTO-USDTUSD)
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Standard Chartered Bank has revised its timeline for the stablecoin market to reach $2 trillion, pushing its forecast target from 2028 to 2030. The adjustment comes as overall supply growth has leveled off over the past 12 months, remaining bound between $300 billion and $320 billion, with current supply standing at approximately $309 billion.

Despite stagnant total supply, transactional usage of stablecoins has continued to increase rapidly. Monthly transfer volume has averaged just under $10 trillion this year, up from $4 trillion in 2025, reaching a record peak of $19 trillion in May. Velocity has doubled overall, led by USDC (CRYPTO:USDCUSD), whose monthly velocity rose to roughly 80 times from 45 times in 2025 due to strong usage in payments, financial transfers, and automated transactions between AI agents. By contrast, Tether USDt (CRYPTO:USDTUSD) maintained a lower monthly velocity near seven times as it remains primarily utilized for dollar savings in emerging markets.

Looking ahead, regulation remains a major risk factor to the long-term forecast. Potential structural changes could follow the implementation of the U.S. GENIUS Act, set to take effect in January 2027. Increased competition in developed markets may also emerge from new initiatives, including bank-backed networks and multi-issuer platforms.

## Key points

- Standard Chartered extended its $2 trillion stablecoin market projection by two years, shifting the target from 2028 to 2030.
- Total stablecoin supply has stalled between $300 billion and $320 billion over the past 12 months, currently sitting around $309 billion.
- Monthly transaction volumes averaged nearly $10 trillion this year, more than double the $4 trillion monthly average in 2025.
- USDC monthly velocity jumped to 80 times from 45 times in 2025, driven by payments and settlement activity between AI agents.
- Regulatory developments, such as the U.S. GENIUS Act arriving in January 2027, represent the primary potential disruption to growth.

## Questions and answers

### Why did Standard Chartered delay its stablecoin market forecast?

Standard Chartered delayed its $2 trillion forecast from 2028 to 2030 because overall stablecoin supply growth has stalled between $300 billion and $320 billion over the past year.

### Are stablecoin transactions still growing despite flat supply?

Yes, monthly transaction volumes have averaged nearly $10 trillion this year, up from $4 trillion in 2025, with USDC velocity doubling due to payment and automated activity.

### What regulatory risks could impact stablecoin adoption?

The U.S. GENIUS Act, scheduled to take effect in January 2027, could alter market competition and introduce multi-bank network alternatives in developed markets.