Crypto31 March, 20261 min read
Standard Chartered Reports Stablecoin Velocity Doubles, USDC Drives Surge
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Stablecoin velocity has doubled over the past two years. Higher velocity could curb new issuance demand despite rising transaction volumes.
Velocity Doubles
Stablecoin velocity has roughly doubled over the past two years. Velocity measures how often tokens are used relative to supply. The surge has been driven primarily by Circle's USDC.
New Use Cases Drive Velocity
The velocity increase is driven by new use cases and TradFi integration. AI-driven trading and on-chain payments contribute. USDT remains tied to savings and store-of-value roles.
Forecast Unchanged
Standard Chartered maintains its $2 trillion forecast by 2028. The stablecoin capitalization currently stands at $315.5 billion. Growth will create demand for US Treasuries.