‘Unstable velocity’: Standard Chartered says stablecoin usage rising faster than expected as new use cases emerge
Standard Chartered reports stablecoin velocity is increasing unexpectedly, potentially impacting their $2 trillion supply forecast by 2028.Summary
Analysts at Standard Chartered have observed a surprising increase in stablecoin velocity – the rate at which tokens change hands – after years of relative stability. This rise complicates the bank’s long-term growth forecasts, which partially rely on stablecoin usage frequency. The increased velocity is largely driven by Circle’s USDC and is linked to evolving use cases beyond crypto trading and emerging market savings, including use as a substitute for traditional financial rails and in AI-driven payments. While Standard Chartered maintains its projection of a $2 trillion stablecoin supply by 2028 and anticipates $1 trillion in demand for U.S. Treasury bills, they acknowledge that velocity may become as important as supply in determining future demand. The bank is closely monitoring these developments as stablecoins integrate further into payments, capital markets, and machine-driven transactions.
(Source：The Block)