Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that due to stagnant supply growth this year, the target time for the stablecoin market to reach $2 trillion has been postponed from 2028 to 2030. Over the past 12 months, the supply of stablecoins has fluctuated between $300 billion and $320 billion, currently around $309 billion. This year, the average monthly on chain transfer amount of stablecoins is close to 10 trillion US dollars, higher than the 4 trillion US dollars in 2025, and reached about 19 trillion US dollars in May alone; The average monthly turnover rate has increased from about 15 times in 2025 to about 30 times. The average monthly turnover of USDT is about 7 times, while the average monthly turnover of USDC has increased from about 45 times to about 80 times.
