BlockBeats news, on September 28, Pendle posted that the current stablecoin supply is approximately $300 billion. Standard Chartered Bank forecasts the stablecoin market size to reach $2 trillion by 2028, while Citigroup predicts it will reach $1.9 trillion by 2030, as banks and payment networks are also preparing to enter this market.
Pendle states that even under JPMorgan’s “worst-case” scenario, where stablecoin supply doubles, its total addressable market (TAM) for stablecoin-related services will double within the next 1.5 years and expand to ten times its current size within four years.
Data shows that the notional trading volume of Pendle’s stablecoin pools has exceeded $6 billion year-to-date. Emerging stablecoins like AUSD continue to grow, and Dune has dubbed this phenomenon the “Pendle Effect.” As the stablecoin market expands, Pendle will continue to strengthen its presence in this space.