Standard Chartered Bank predicts that the usage of stablecoins may reach 10% of the US M2 and foreign exchange trading

ChainCatcher news, Standard Chartered Bank and Zodia Markets analysts predict that the adoption rate of stablecoins will significantly increase, potentially accounting for 10% of U.S. M2 transactions in the future.

Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, and Nick Philpott, Co-founder of Zodia Markets, stated in the report: "Currently, the scale of stablecoins is only equivalent to 1% of U.S. M2 transactions and 1% of foreign exchange transactions, but as the industry becomes legitimized, reaching 10% on every metric is feasible."

The M2 money supply is a key indicator of the total money supply in an economy, including all currency in circulation and other assets that can be easily converted to cash.