Standard Chartered Pushes Stablecoin Market's $2T Milestone to 2030
The bank has revised its timeline for the stablecoin market to reach $2 trillion due to slowed growth, while continuing to offer new services in the sector.
The bank has revised its timeline for the stablecoin market to reach $2 trillion due to slowed growth, while continuing to offer new services in the sector. This is an original TLT brief synthesising 2 outlets (Cryptopolitan, Decrypt), plus live market data, as of Thu, 15 Oct 2026 07:45:02 UTC.
This revision highlights the challenges facing stablecoin adoption despite institutional interest, while the bank's continued expansion into stablecoin services suggests a long-term strategic commitment to the sector.
- Standard Chartered delays $2T stablecoin market forecast to 2030 from 2028.
- Stablecoin market currently valued at $309 billion with slowed growth.
- Bank's Dubai branch now offers custody for Ripple's RLUSD stablecoin.
- RLUSD circulating supply stands at $2.42 billion.
Both Cryptopolitan and Decrypt report that Standard Chartered has pushed back its projection for the stablecoin market to reach $2 trillion from 2028 to 2030 due to stalled growth, with the market currently valued at $309 billion. However, Decrypt provides the additional detail that the bank's Dubai branch has started offering custody services for Ripple's RLUSD stablecoin and is facilitating its use as trading collateral through a partnership with LMAX, indicating ongoing institutional engagement with stablecoins.
Standard Chartered has adjusted its timeline for the stablecoin market to achieve a $2 trillion valuation, moving the target from 2028 to 2030. This revision comes as the sector's growth has stalled, with the current market capitalization hovering around $309 billion. Despite the delay, the bank maintains its confidence in the long-term potential of stablecoins.
Geoffrey Kendrick, head of digital assets research at Standard Chartered, emphasized that while the growth trajectory has been slower than initially anticipated, the bank remains optimistic about the sector's future. The revised timeline reflects the challenges in achieving widespread adoption and the current market conditions.
In a move underscoring its commitment to the stablecoin ecosystem, Standard Chartered's Dubai branch has begun offering custody services for Ripple's RLUSD stablecoin. Additionally, the bank is working on a partnership with LMAX that will allow institutions to use RLUSD as trading collateral while keeping the coins in custody, as reported by Decrypt.
The RLUSD stablecoin, which is issued by Ripple, currently has a circulating supply of $2.42 billion, according to data from DeFiLlama. This figure highlights the significant role that institutional-grade stablecoins play in the broader crypto market.
The broader crypto market is experiencing a downturn, with the total market capitalization at $2.78 trillion and 
Bitcoin down 3.09% over the past 24 hours. The Fear & Greed Index stands at 53, indicating a neutral market sentiment. The revised stablecoin forecast and the bank's continued involvement in the sector suggest that while growth may be slower than expected, the long-term outlook remains positive.
Figures and sectors in this story, checked live against on-chain aggregators · October 15, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Standard Chartered Pushes Stablecoin Market's $2T Milest — questions & answers
Why did Standard Chartered delay its $2T stablecoin forecast?
The delay is due to slowed growth in the stablecoin market, which is currently valued at $309 billion.
What is the current circulating supply of RLUSD?
RLUSD has a circulating supply of $2.42 billion.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan, Decrypt, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.