Tianfeng Securities: Stablecoin market scales rapidly, reshaping new paradigm for cross-border payments.

Tianfeng Securities pointed out that stablecoins are upgrading from the "connector" of encrypted assets to a new global payment infrastructure, and under the wave of compliance, incremental funds and scenarios are expected to quickly rise. It is estimated that by February 2025, the global supply of stablecoins will reach 214 billion US dollars, with over 30 million active addresses on the chain. The scale of stablecoins is growing exponentially, reshaping a new paradigm for cross-border payments, with diverse application scenarios including cross-border payments, corporate salary payments, and settlement of US Treasury bonds. At the same time, policy catalysis is helping the development of stablecoins, and regulatory breakthroughs in the US and Hong Kong are opening up new opportunities for growth. In terms of market space, Citigroup predicts that the scale of stablecoins will reach 1.6-3.7 trillion US dollars by 2030.