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U.S. Stablecoin Market Could Grow Tenfold, Standard Chartered and Zodia Markets Say

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Stablecoin market cap and use could expand tenfold once these cryptos are regulated in the U.S., Standard Chartered and Zodia Markets said.

U.S. regulation of the sector could trigger a surge in stablecoin adoption, Standard Chartered and Zodia Markets said.

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered and Zodia Markets said in a report Thursday. "As the sector becomes legitimized, a move to 10% on each measure is feasible," wrote authors Geoff Kendrick and Nick Philpott.is a type of crypto that is designed to hold a steady value and is usually pegged to the U.S. dollar, though some other currencies such as gold are also used. M2 is a measure of U.S. money supply, and includes cash, savings and other short-term investments.

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