News Formal

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

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Cap Could Balloon to $10T by 2026 Under Trump Administration: Standard CharteredWill Canny is a finance reporter at CoinDesk.n
Source: CoinDesk - 🏆 291. / 63 Read more »