Geoffrey Kendrick, head of digital asset research at Standard Chartered, predicts in a new report that the total market capitalization of real-world assets (RWA) tokenized, excluding stablecoins, will surge from about $35 billion today to $2 trillion by the end of 2028, an increase of about 56-fold. He expects "most of this on-chain activity" to occur on Ethereum, due to its long-term stability and network effects. The report notes that the popularity of stablecoins paves the way for other asset...
Standard Chartered estimates that up to $1 trillion of bank deposits in emerging markets could flow to stablecoins by the end of 2028, and emerging markets have historically been a hotspot for stablecoin adoption, largely due to the large unbanked populations in these regions. This trend is likely to intensify even with the US GENIUS Act imposing zero yield requirements on compliance issuers, as returns on capital are more important than returns on capital.
David Duong, head of research at Coinbase, said that the Coinbase research team used stochastic modeling methods to predict that the stablecoin market cap will reach $1.20 trillion by 2028 by running thousands of Monte Carlo-style simulations and autoregressive modeling. The model simulates 20,000 monthly growth paths based on recently observed levels and monthly growth data.
Standard Chartered forecasts that stablecoin supply could reach $2 trillion by the end of 2028, driven by potential stablecoin legislation in the United States.
According to Standard Chartered, the passage of the US stablecoin bill could lead to a significant increase in stablecoin supply, with the stablecoin market expected to grow from the current $230 billion to $2 trillion by the end of 2028. In addition, Standard Chartered also said that the increase in stablecoin supply has implications for US Treasury purchases and dollar hegemony. In addition, Standard Chartered believes that increased demand for dollar-denominated stablecoin reserves will lead ...
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