S&P projects 1,600x upper-bound increase in euro stablecoin issuance to $1.3 trillion by 2030

S&P Global Ratings forecasts that euro-pegged stablecoins could surge from a niche €650 million market at year-end 2025 to as much as €1.1 trillion ($1.3 trillion) by 2030 in an upper-bound scenario, equating to 4.2% of eurozone banks’ overnight deposits. The baseline projection is €570 billion ($672 billion) by 2030, assuming €500 billion from tokenized investments and €100 billion from tokenized payments. S&P attributes the potential high growth to real-world applications, though market size is sensitive to forecast parameters. The report notes that banks and bank-affiliated entities are expected to enter the market in 2026, spurred by the EU’s comprehensive Markets in Crypto-Assets Regulation (MiCA), which mandates strict rules for stablecoin issuers. Despite MiCA's effectiveness for stablecoins since January 1, 2025, some technical details are still being finalized by the European Banking Authority.

(Source：The Block)