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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

Tokenised real-world assets market to reach $2.3 trillion by 2030 - Morgan Stanley, Oliver Wyman

Morgan Stanley and Oliver Wyman forecast the tokenised real-world assets market will expand to about $2.3 trillion by 2030 from roughly $40 billion. They expect most growth to come from collateral mobility and reserve and treasury management at financial institutions, rather than tokenised investment products. In their base case, collateral mobility accounts for $1.7 trillion and reserve and treasury management $400 billion. They also outlined lower and higher adoption scenarios of $1.1 trillion and $5.5 trillion.

Crypto

Aracore joins Paxos Global Dollar Network

Aracore, the U.S. subsidiary of blockchain and AI company BPMG, said on Sept. 18 it has joined the Paxos-led Global Dollar Network as a partner. The company plans to build institutional digital finance infrastructure based on multiple stablecoins, including USDG. It will link stablecoins with institutional financial networks using its Institutional Settlement Network and expand cross-border remittance, payment and settlement services through partnerships with K Bank, HashKey and VirgoPAY.