| Mobile Web

Search results for Geoffrey Kendrick

Crypto

USDC for payments, USDT for savings: Standard Chartered on stablecoin battleground

Standard Chartered forecasts the stablecoin market will reach $2 trillion by 2030, pushing back its earlier timeline by 2 years after this year’s market stagnated near $309 billion. It said trading activity is rising even without a big increase in total market value, as existing supply turns over more frequently. The bank sees USDT leading savings demand in emerging markets and USDC leading payments in advanced economies, with regulation, reserve-income sharing and accounting changes shaping competition.

Crypto

Standard Chartered sees Arbitrum at $10 by 2030, expects boost from asset tokenisation

Standard Chartered expects Arbitrum to deliver higher returns than bitcoin and ether through 2030, citing changes in its revenue-sharing model as asset tokenisation grows in traditional finance. The bank said Arbitrum takes 10 percent of net protocol revenue from companies building services on the network. It highlighted Robinhood Chain as the first live example. The bank’s Geoffrey Kendrick said ARB could rise to $10, while flagging risks including slower tokenisation and stronger competition.

Crypto

Standard Chartered sees bitcoin at $100,000 by year-end, eyes U.S. long-term Treasury buybacks

Bitcoin has recovered to around $69,000, and Standard Chartered has raised the possibility it could rise to $100,000 by year-end. Analyst Geoffrey Kendrick said an expansion of U.S. Treasury buybacks of long-term bonds could improve market liquidity and support bitcoin. He cited $65,500 as a key level and said staying above it could signal a cycle low is in place. The expanded buyback program runs from Sept. 9 to Nov. 4.