S&P predicts that by 2030, the issuance of euro stablecoins will increase 1,600 times, reaching $1.3 trillion

According to a report by The Block, S&P Global Ratings predicts in its latest report that the euro stablecoin market could reach €1.1 trillion (approximately $1.3 trillion) by 2030, which represents a growth of about 1,600 times from €650 million (approximately $767 million) at the end of 2025.

In the baseline scenario, S&P expects the market to reach €570 billion (approximately $672 billion) by 2030, equivalent to 2.2% of the total bank deposits in the eurozone. The report attributes the growth mainly to the demand for asset tokenization investments and notes that the EU's Markets in Crypto-Assets Regulation (MiCA) will come into effect on January 1, 2025, providing issuers with a clear regulatory framework. S&P believes that the application of stablecoins in the real world will support this rapid growth, compared to their current primary use in crypto asset trading.