China Asset Management (Hong Kong) CEO: The total financial assets of stablecoins are estimated to reach 14 trillion US dollars

Gan Tian, CEO of China Asset Management (Hong Kong), said that as of the end of May 2025, the global stablecoin issuance scale has exceeded 235 billion US dollars, and the stablecoin has caught up with the 40-year trading volume of Visa in just 5 years. If the stablecoin is regarded as a narrow base currency with M0 > 250 billion US dollars (analogous to the traditional monetary system M0), the total financial assets formed by it are conservatively estimated to reach 14 trillion US dollars, and overestimators believe that it has reached 27-28 trillion US dollars. Gan Tian predicts that all traditional financial assets of financial marekt will be on the chain in the next ten years, and only when they are on the chain can they break through the transaction timeliness limit under the traditional settlement model. In the next five to eight years, the middle and back offices of the entire financial system will face tremendous changes.