7 hours ago
Standard Chartered has launched spot trading for Bitcoin (BTC) and Ethereum (ETH) done its organization crypto platform, expanding its beingness successful integer assets conscionable arsenic U.S. regulatory and capitalist attraction turns sharply toward stablecoins.
The motorboat follows a bid of high-level meetings crossed Washington, New York, and Boston, wherever Geoffrey Kendrick, the bank’s Head of Digital Assets Research, spent the week of July 7 to July 11 engaging with crypto-native firms, Bitcoin miners, funds, and policymakers.
According to Kendrick, astir 90% of the discussions centered connected stablecoins, contempt Bitcoin hitting caller grounds highs.
Regulatory tailwinds
Interest successful stablecoins has surged arsenic the GENIUS Act, a U.S. measure that aims to found wide rules for fiat-backed integer assets, nears passage.
Kendrick said the authorities could go instrumentality arsenic aboriginal arsenic this week, mounting the signifier for accelerated enlargement of the U.S. stablecoin marketplace and unlocking broader adoption crossed fiscal institutions and public-sector entities.
Kendrick noted that clients present project a stablecoin marketplace size of $750 cardinal by the extremity of 2026, up from astir $250 cardinal arsenic of July 15.
With regulatory clarity, stablecoin issuance is expected to broaden significantly, not lone done large fiscal players but perchance besides determination banks and section governments exploring tokenized currency instruments.
Beyond adoption, discussions besides touched connected macroeconomic implications: imaginable shifts successful the U.S. Treasury curve, semipermanent effects connected dollar liquidity, U.S. outgo strategy reform, and stablecoin-driven fiscal stableness risks successful emerging markets.
Stablecoin infrastructure
Standard Chartered’s study suggests that the broader stablecoin assemblage whitethorn beryllium evolving faster than antecedently anticipated.
Kendrick highlighted that the Digital Asset Market Clarity Act, a abstracted legislative effort, could walk by precocious September oregon aboriginal October, perchance accelerating the tokenization of real-world assets (RWAs) and the integration of DeFi rails.
On-chain information shows accordant maturation successful stablecoin balances crossed each wallet sizes, including centralized exchanges, DeFi platforms, and mid-sized retail wallets, indicating broadening usage cases and increasing planetary demand.
Kendrick’s findings and Standard Chartered’s trading table motorboat bespeak a pivotal displacement successful organization crypto strategy. While Bitcoin’s role arsenic a store of worth remains intact, the infrastructure and argumentation docket present look firmly focused connected stablecoins arsenic the backbone of programmable money.
The station Standard Chartered expands crypto footprint amid stablecoin marketplace boom appeared archetypal connected CryptoSlate.
English (US) 