A Standard Chartered research report pointed out that after the Trump administration began to take office, as crypto regulation continues to be legalized, the size of stablecoins may increase 10 times in the future, reaching a range of US$2.1 trillion to US$2.3 trillion. In addition, according to Visa data, in the past month, the monthly stablecoin transaction volume exceeded US$700 billion for the first time. This record is also comparable to Visa’s average annual transaction volume. (Preliminary summary: The logic of the altcoin season has changed? CryptoQuant CEO: No longer dependent on Bitcoin rotation, stablecoins have become the driving force) (Background supplement: Viewpoint) Why is Binance’s “Interest-earning Margin BFUSD” likely to change the exchange’s stablecoin ecology in one fell swoop? ) After Trump was elected president, due to his pro-cryptocurrency political stance, Bitcoin became the darling of Wall Street and traditional institutions for a while, and this also made the encryption market realize that cryptocurrency is becoming a mainstream asset. But before that, there was actually an asset (currency) in the market that was impacting mainstream finance with the concept of easy payment, namely the US dollar stable currency. Standard Chartered Report: Trump’s coming to power may boost the market value of stablecoins to skyrocket 10 times. According to DLNews, a Standard Chartered Bank research report pointed out that the current stablecoin market (with a market value of approximately US$220 billion) only accounts for 1% of the U.S. money supply (the total U.S. currency supply). Supply is approximately $21 trillion) and 1% of total foreign exchange transactions (total foreign exchange transactions is approximately $2.1 trillion). However, the report writes that as the encryption field gradually becomes legalized, the size of stablecoins will increase by 10 times: With the legalization of this field, a 10% increase in each indicator (total U.S. money supply, total foreign exchange transactions) will be achieved It is feasible, that is to say, the scale of stablecoins will grow to US$2.1 trillion to US$2.3 trillion. The report also stated that the Trump administration and the Republican Party may be the key to promoting growth in the United States, as potential use cases will spread around the world. Although during the Biden administration, three bills on stablecoin regulations were proposed, but ultimately failed to pass, after Trump takes office, regulatory relaxation will become the key to the 10-fold increase in the market value and usage of stablecoins. : When the Trump administration takes office in early 2025, more progress may be made in this regard. Stablecoin trading volume exceeded $700 billion in November. On the other hand, competition in the stablecoin field is also becoming increasingly fierce.With the rise of financial technology giants PayPal, Robinhood and the emerging enterprise Ethena stablecoin business, coupled with the XRP issuer Ripple and the British emerging bank Revolut are also actively developing stablecoins and preparing to enter the market, the established stablecoin developers USDT and USDC are Facing the dilemma of gradually losing market share. But let’s think about it from another perspective. Due to the continuous development and growth of stablecoins and the expected continued relaxation of US regulations in the future, many companies are optimistic about this emerging field and want to occupy a place in the field. These healthy competitions can also prompt developers to continue working hard to create better financial products. It is worth noting that according to data from Visa, stablecoin transaction volume in the DeFi field has exceeded a staggering $700 billion in the past month, setting a new historical record. This figure is close to Visa’s annual transaction average (Visa’s total transaction volume in 2023 is $12.3 trillion). source: VISA related reports Binance BFUSD annualized 19.55%! The LUNA crash triggered a traumatic reaction, and the official put out the fire: This is not a stable currency... Payment milestone) Stripe opens "B2B stable currency transfer" to support USDC, and can create invoices Bitcoin boom) Binance's single-month trading volume reaches 2 times that of the New York Stock Exchange Stablecoin inflows hit new highs, and Tether's market value surpassed Citigroup's. "The monthly stablecoin trading volume exceeded $700 billion for the first time, comparable to Visa. Standard Chartered: The market value will increase tenfold after Trump takes office." This article was first published on BlockTempo in the dynamic area. District Trend - the most influential blockchain news media).