Stablecoins and Tokenized Cash Projected to Reach $3.6 Trillion by 2030

A new report from BNY Mellon predicts a surge in the stablecoin and tokenized cash markets, reaching an astounding $3.6 trillion by 2030. The report anticipates that stablecoins will account for $1.5 trillion of this total. This increase is driven by expanding usage of digital cash equivalents, such as tokenized deposits and money market funds. These innovations are expected to streamline settlement processes, lower risks, and increase collateral liquidity for institutions.