Stablecoins are about to explode? Standard Chartered Bank predicts that they may account for 10% of US M2 transactions in the future!

According to ChainCatcher, Standard Chartered Bank and Zodia Markets analysts predict that the adoption of stablecoins will grow significantly and may account for 10% of US M2 transactions in the future.

Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, and Nick Philpott, co-founder of Zodia Markets, said in the report:

“Currently, stablecoins are only about 1% of US M2 transactions and 1% of FX transactions, but as the industry becomes more legitimate, 10% on each metric is feasible.”

M2 Money Supply is a key measure of the total money supply in an economy, including all currency in circulation and other assets that can be easily converted into cash.