Stablecoins Could Hit $2T Market Cap by 2028, Forecasts Standard Chartered
Standard Chartered forecasts that the stablecoin market could surge to $2 trillion by the end of 2028—nearly a tenfold increase—if the U.S. passes the GENIUS Act later this year.
The bank expects stablecoin adoption to accelerate rapidly, particularly in non-trade transactions, with annual growth potentially doubling to 100%. The report also suggests this growth could strengthen U.S. dollar dominance globally, as most stablecoins are USD-backed. Pending legislation, including the GENIUS and STABLE Acts, is expected to be signed into law by August.
Clever Robot News Desk 16th April 2025
