S&P forecasts euro stablecoin market cap to reach $1.3T by 2030

The euro stablecoin market cap could grow to €1.1 trillion ($1.3 trillion) by 2030, The Block reported, citing a forecast from S&P Global Ratings. This figure would be equivalent to 4.2% of overnight deposits in eurozone banks and mark a 1,600-fold increase from a projected €650 million ($760 million) at the end of 2025. The report noted that the market is ready for euro-based stablecoins, with potential demand drivers including advancements in blockchain scalability, growing institutional investment in tokenized assets, and better interoperability with new payment systems. S&P also identified the European Union's Markets in Crypto-Assets (MiCA) regulation as a key factor encouraging institutional adoption of stablecoins.