Stablecoin market could reach $1.5 quadrillion and surpass global payments

Stablecoin market could reach $1.5 quadrillion and surpass global payments
The stablecoin market could become incredibly large

​Over the next decade, stablecoin transaction volume could reach $1.5 quadrillion, according to analytics firm Chainalysis.

In its report, Chainalysis notes that even with organic growth, adjusted stablecoin volume could increase from $28 trillion in 2025 to $719 trillion by 2035.

However, this figure could double by 2035 if two major factors come into play. The first is the transfer of over $100 trillion in wealth from the baby boomer generation to younger, more crypto-native generations. The second is the replacement of traditional payment infrastructure by stablecoins if they become the default settlement layer.

Chainalysis said that under such a scenario, transaction volume could approach $1.5 quadrillion by 2035, exceeding the current estimate of global cross-border payments at around $1 quadrillion.

Why the forecast may be overly optimistic

This represents a best-case scenario. Such a figure would significantly exceed global remittance flows, which were estimated at $865 billion in 2023 and $905 billion in 2024.

It is also higher than World Population Review’s latest estimate of the total value of all global assets — including bank holdings, real estate, and cash — at around $662 trillion.

Even reaching $719 trillion would require sustained compound annual growth of approximately 133% over the next decade.

Stablecoin boom

The stablecoin market continues to grow rapidly and is becoming one of the key segments of the crypto industry. Its total market capitalization already exceeds hundreds of billions of dollars, while transaction volumes continue to rise steadily. Market leaders remain USDT by Tether and USDC by Circle, which dominate both in liquidity and usage across trading, DeFi, and cross-border payments. At the same time, newer players — such as DAI and other algorithmic or partially collateralized solutions — are gaining traction by offering alternative models of stability.

Against this backdrop, more large companies and financial institutions are considering launching their own stablecoins. In recent years, such plans have been discussed by PayPal, Stripe, Visa, as well as a number of banks and fintech firms. Interest in this segment is driven by the potential to reduce payment costs, accelerate settlements, and gain access to new digital financial infrastructure.

Meanwhile, the European Central Bank has expressed concerns about the growing popularity of stablecoins, warning that they could reduce bank deposits and weaken lending activity.

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