BNY Sees Stablecoins, Tokenized Cash Hitting $3.6T by 2030 Amid Institutional Adoption

Financial services giant BNY projects that stablecoins and other forms of tokenized cash, including tokenized deposits and money market funds, could collectively reach a market size of $3.6 trillion by 2030. Stablecoins alone are forecasted to hit a $1.5 trillion market cap by the end of the decade. These digital cash equivalents are expected to benefit institutions by enabling faster settlement, reducing counterparty risk, and improving collateral mobility. BNY noted that regulation, such as the EU's MiCA legislation, is a key enabler for this growth. Carolyn Weinberg, BNY's chief product and innovation officer, stated that blockchain technology will likely integrate with traditional financial rails rather than replace them, creating a powerful combination for global capital markets.

(Source：CoinDesk)