Wall Street financial giant Goldman Sachs' latest research points out that the stablecoin market size is expected to reach 'trillions of dollars' in the future, and payment applications will be the most explosive growth engine for stablecoins.
According to a report by Fortune, Goldman Sachs analysts emphasized in their research report:
Payment scenarios are the main source of expansion for stablecoins in long-term development. However, to date, this area remains almost undeveloped, with most stablecoin trading volume still coming from cryptocurrency exchange trading and overseas demand for the dollar.
Currently, the total market value of global stablecoins is approximately $271 billion, with $USDT dominating the market at a market value of $167 billion, while $USDC follows with a market value of $67.8 billion.
Goldman Sachs estimates that USDC is expected to increase by an additional $77 billion by the end of 2027, benefiting from the gradual clarification of stablecoin-related legislation, and also predicts that $USDC's market share will continue to grow within and outside collaborative platforms (such as Binance). Goldman Sachs believes that legislation will help the stablecoin ecosystem gain legal status and attract more institutional investment participation.
However, the competitive landscape is quietly changing. Mizuho Securities warns that major U.S. banks are gearing up to issue their own dollar stablecoins, which will inevitably impact Circle's growth space. At the same time, Tether also harbors ambitions to enter the U.S. market, with CEO Ardoino clearly stating that the U.S. strategic layout is being pushed forward vigorously.
It is noteworthy that U.S. Treasury Secretary Scott Bessent is optimistic about the development of dollar stablecoins. He emphasized that stablecoins will boost U.S. Treasury demand, solidify the dollar's status as the global reserve currency, and predicts that the stablecoin market will rapidly expand to $2 trillion in the coming years.
This article is authorized to be reproduced from: (Block Customer)
Original Title: (Payment Scenarios Become the Biggest Driver! Goldman Sachs Optimistic: Stablecoin Market Size Grows to 'Trillions of Dollars')
Original Author: Block Girl MEL
‘From Cryptocurrency to Financial Mainstream, Goldman Sachs is Optimistic About the Payment Potential of Stablecoins, Market Value Could Reach Trillions of Dollars!’ This article was first published in 'Crypto City'
