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Goldman Sachs: Current Market in the Beginning of Stablecoin Gold Rush
Summary: In breaking news, a research report released by Will Nance and others at Goldman Sachs indicates that the current market is in the beginning of a stablecoin gold rush. The report states: Stablecoins represent a $271 billion global market, with USDC expected to benefit from its market share growth both inside and outside of partner ...
In breaking news, a research report released by Will Nance and others at Goldman Sachs indicates that the current market is in the beginning of a stablecoin gold rush.
The report states: Stablecoins represent a $271 billion global market, with USDC expected to benefit from its market share growth both inside and outside of partner Binance's platform, as ongoing stablecoin legislation legitimizes the ecosystem and the crypto ecosystem expands, potentially catalyzed by legislation. Based on current trends and announced initiatives, USDC is projected to grow by $770 billion between 2024-27, with a compound annual growth rate (CAGR) of 40%.
The bank concludes that, therefore, the payment sector is the most obvious source of stablecoin expansion in the long term. This opportunity has largely been untapped so far, with most stablecoin activity being driven by cryptocurrency trading and non-US dollar exposure outside the United States.
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Link: Goldman Sachs: Current Market in the Beginning of Stablecoin Gold Rush [Copy]
