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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/06/2026

Banks Shift From 'If' to 'How' on Stablecoins as Volumes Projected to Hit $1 Quadrillion

What happened: Major financial institutions are accelerating stablecoin adoption, with BNY expanding institutional custody for Circle’s USDC and the launch of OpenUSD (OUSD) backed by 140+ partners in

Banks Shift From 'If' to 'How' on Stablecoins as Volumes Projected to Hit $1 Quadrillion

What happened: Major financial institutions are accelerating stablecoin adoption, with BNY expanding institutional custody for Circle’s USDC and the launch of OpenUSD (OUSD) backed by 140+ partners including BlackRock, Visa, and Mastercard. Chainalysis projects annual stablecoin settlement volumes could reach $1 quadrillion by 2030, though BNY’s internal forecast is more conservative at $1.5 trillion in circulation. European banks are also rolling out their own euro-pegged stablecoins, such as Société Générale’s EURCV.

Why it matters: The shift from skepticism to integration signals that banks now view stablecoins as inevitable infrastructure for digital asset settlement. The scale of projected volumes dwarfs current crypto trading, suggesting stablecoins could become a backbone of global finance. Regulatory clarity from the US GENIUS Act and EU MiCA is catalyzing institutional participation, though competition between private and bank-issued coins remains unresolved.

Source: CoinDesk, Ledger Insights