Geoffrey Kendrick: Target for stablecoin market to reach $2 trillion postponed to 2030

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.