{"id":19021,"date":"2024-11-28T19:41:59","date_gmt":"2024-11-28T17:41:59","guid":{"rendered":"https:\/\/forklog.com\/en\/standard-chartered-foresees-tenfold-growth-potential-for-stablecoins\/"},"modified":"2024-11-28T19:41:59","modified_gmt":"2024-11-28T17:41:59","slug":"standard-chartered-foresees-tenfold-growth-potential-for-stablecoins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-foresees-tenfold-growth-potential-for-stablecoins\/","title":{"rendered":"Standard Chartered Foresees Tenfold Growth Potential for Stablecoins"},"content":{"rendered":"<p>Analysts at Standard Chartered and Zodia Markets <a href=\"https:\/\/av.sc.com\/corp-en\/nr\/content\/docs\/sc-stablecoins-the-first-killer-app.pdf\">predict<\/a> significant growth in the stablecoin sector, which could become comparable to 10% of the total volume of transactions with the money supply <span data-descr=\"money supply M2 includes cash, demand deposits, and time deposits\" class=\"old_tooltip\">M2<\/span>.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cCurrently, stablecoins are equivalent in size to only 1% of M2 transactions in the US and just 1% of foreign exchange market operations. However, as the sector gains legitimacy, it is possible to approach 10% for each of these indicators,\u201d stated Standard Chartered researcher Jeff Kendrick.<\/cite><\/p><\/blockquote>\n<p>Experts believe that a key growth factor will be the elimination of regulatory uncertainty in the industry, as well as the \u201cpotential for significant progress\u201d under the Trump administration.<\/p>\n<p>Analysts also highlighted the limitations of the modern global financial infrastructure. In particular, the <a href=\"https:\/\/ru.wikipedia.org\/wiki\/SWIFT\">SWIFT<\/a> system has operated without significant changes since the introduction of real-time gross settlement (RTGS) systems in the early 1990s.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThe model essentially represents a first-in, first-out queue,\u201d the analysts noted.<br \/><\/cite><\/p><\/blockquote>\n<p>Meanwhile, the range of stablecoin applications continues to expand: they are used not only as collateral for trading but also for cross-border payments, salary disbursements, and many other financial operations.<\/p>\n<p>Earlier, the total capitalization of stablecoins reached $191.5 billion, setting a new <span data-descr=\"all-time high for the metric\" class=\"old_tooltip\">ATH<\/span> after the collapse of Terra&#8217;s UST in May 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Standard Chartered and Zodia Markets predict significant growth in the stablecoin sector, which could become comparable to 10% of the total volume of transactions with the money supply M2.<\/p>\n","protected":false},"author":1,"featured_media":19020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,1347],"class_list":["post-19021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-standard-chartered-plc"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19021"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19020"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}