Hua Xia Fund (Hong Kong) CEO Gan Tian: The total financial asset scale of stablecoins is estimated to reach 14 trillion USD

ChainCatcher news, according to Jinshi Data, Gan Tian, CEO of Huaxia Fund (Hong Kong), stated that by the end of May 2025, the global issuance of stablecoins will exceed 235 billion USD, and stablecoins have surpassed Visa's 40 years of transaction volume in just 5 years. If we consider stablecoins as M0 > 250 billion USD, a narrow measure of the money supply (analogous to the traditional monetary system's M0), the total financial asset scale formed is conservatively estimated to reach 14 trillion USD, while more optimistic estimates suggest it has reached 27 to 28 trillion USD.

Gan Tian predicts that within the next decade, all traditional financial assets in the financial market will be on-chain, as going on-chain is necessary to break through the limitations of transaction timeliness under traditional settlement models. In the next 5 to 8 years, the entire financial system's middle and back office will face significant transformations.