{"id":95767,"date":"2026-03-31T16:15:40","date_gmt":"2026-03-31T13:15:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95767"},"modified":"2026-03-31T16:20:16","modified_gmt":"2026-03-31T13:20:16","slug":"standard-chartered-reports-doubling-of-stablecoin-turnover-in-two-years","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-reports-doubling-of-stablecoin-turnover-in-two-years\/","title":{"rendered":"Standard Chartered Reports Doubling of Stablecoin Turnover in Two Years"},"content":{"rendered":"

In recent months, the velocity of stablecoins<\/a>\u2014the frequency of ownership changes\u2014has surged. This was highlighted by Geoffrey Kendrick, head of digital asset research at Standard Chartered, as reported by The Block<\/a>. <\/p>\n

\n

“[The metric] has increased, contradicting our assumption of its stability,” he noted. <\/em><\/p>\n<\/blockquote>\n

The turnover has doubled over the past two years, with tokens now changing hands about six times a month on average. The primary driver of this shift has been Circle’s USDC<\/a>. <\/p>\n

The bank’s forecast for stablecoin supply growth to $2 trillion by 2028<\/a> was partly based on their usage frequency. An increase in this metric could reduce the need for issuance, even if transaction volumes continue to rise.<\/p>\n

New Use Cases<\/h2>\n

Kendrick linked the changes to the evolution of use cases. Stablecoins have moved beyond crypto trading and savings. <\/p>\n

Currently, fiat-pegged tokens are increasingly becoming an alternative to traditional financial infrastructure and are used for AI-based payments<\/a>. <\/p>\n

The expert described this distinction as fundamental. Standard Chartered believes that “unstable velocity” reflects new, additional demand rather than a general shift in how all stablecoins are used.<\/p>\n

Savings in emerging markets\u2014a scenario with low velocity where Tether’s USDT<\/a> dominates\u2014have not shown similar dynamics.<\/p>\n

Forecast Remains Unchanged<\/h2>\n

Despite the shift, the bank maintains its overall thesis: analysts expect stablecoin supply to reach $2 trillion by 2028. At the time of writing, the figure stands at $315.5 billion. <\/p>\n

\"image\"
Source: DefiLlama<\/a>. <\/figcaption><\/figure>\n

The growth in capitalization is expected to create additional demand for U.S. Treasury bills amounting to about $1 trillion, according to Standard Chartered. <\/p>\n

These expectations are supported by other optimistic statements from bank representatives. Previously, they claimed<\/a> that stablecoins would transform global liquidity, trigger a $500 billion outflow of bank deposits, and become the main catalyst for cryptocurrency adoption. <\/p>\n

However, a new factor has emerged. Velocity may prove to be as important as the supply volume. <\/p>\n

\n

“If the metric remains constant, transaction growth will create demand for more stablecoins. If it increases, this will not happen, all else being equal,” Kendrick concluded. <\/em><\/p>\n<\/blockquote>\n

Back in March, former hedge fund manager Stanley Druckenmiller described<\/a> stablecoins as the future of global payments. <\/p>\n","protected":false},"excerpt":{"rendered":"

In recent months, the velocity of stablecoins\u2014the frequency of ownership changes\u2014has surged, noted Geoffrey Kendrick of Standard Chartered.<\/p>\n","protected":false},"author":1,"featured_media":95768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Stablecoin velocity has surged, noted Geoffrey Kendrick of Standard Chartered.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1138,807,1347],"class_list":["post-95767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-opinions","tag-stablecoins","tag-standard-chartered-plc"],"aioseo_notices":[],"amp_enabled":true,"views":"70","promo_type":"1","layout_type":"1","short_excerpt":"Stablecoin velocity has surged, noted Geoffrey Kendrick of Standard Chartered.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95767","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=95767"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95767\/revisions"}],"predecessor-version":[{"id":95769,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95767\/revisions\/95769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95768"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}