SC forecasts stablecoin market to reach $2T by 2028

The stablecoin market is projected to grow to $2 trillion by 2028, according to global investment bank Standard Chartered (SC). In a report, the bank stated that stablecoin transactions are continuously expanding and have the potential to grow approximately fivefold by that year. The velocity of circulation has doubled over the past two years, and transaction frequency is also increasing. SC explained that this market growth is being driven by rising demand for artificial intelligence (AI)-based payments and the expanding use of stablecoins as an alternative to traditional finance.