Pendle said the current stablecoin supply stands at about $300 billion and pointed to bullish market projections from major banks. Standard Chartered expects the stablecoin market to reach $2 trillion by 2028, while Citi projects $1.9 trillion by 2030. Pendle added that banks and payment networks are also preparing to enter the sector.
The protocol said that even under JPMorgan’s "worst-case" scenario, in which stablecoin supply only doubles, its total addressable market tied to stablecoins would still double over the next 1.5 years and grow to 10 times its current size within four years. Pendle also said data shows its stablecoin pools have already recorded more than $6 billion in notional trading volume year to date. The firm added that emerging stablecoins such as AUSD continue to expand, with Dune referring to the trend as the "Pendle effect."
Pendle said on Sept. 28 that the current stablecoin supply is about $300 billion.
The protocol cited forecasts from major banks as it laid out its view on the market. Standard Chartered expects the stablecoin market to reach $2 trillion by 2028, while Citi projects $1.9 trillion by 2030. Pendle also said banks and payment networks are preparing to enter the sector.
According to Pendle, even under JPMorgan’s "worst-case" projection, where stablecoin supply only doubles, Pendle’s total addressable market tied to stablecoins would still double over the next 1.5 years and expand to 10 times its current size within four years.
Pendle added that its stablecoin pools have generated more than $6 billion in notional trading volume so far this year. It also said emerging stablecoins including AUSD are continuing to grow, and that Dune has described the trend as the "Pendle effect." As the stablecoin market expands, Pendle said it will continue building in this segment.
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