Stablecoins Market: 2026-2035

Description

''Stablecoin Cross-border B2B Transactions to Reach $5 Trillion by 2035, Causing Disruption to Correspondent Banking Channels''

Overview

Our Stablecoins Market research suite provides detailed and insightful analysis of this evolving market; enabling stakeholders such as central banks, commercial banks, stablecoin issuers, and payment service providers to understand future growth, key trends, and the competitive environment. The research also considers trends, drivers, obstacles, and opportunities within the stablecoin market, such as but not limited to: crypto-backed payment cards, corporate and institutional adoption, on-chain use-cases, stablecoins as a hedge against inflation, privacy concerns, real-time payment (RTP) systems, and regulatory fragmentation.

The suite includes several different options that can be purchased separately, including access to data mapping the future growth of stablecoin transactions. It also includes a document containing extensive analysis of the 19 market leaders in the stablecoin space. Furthermore, the research suite contains a detailed dataset; providing forecasts for stablecoin usage across a wide range of different segments, such as person-to-person (P2P), person-to-business (P2B), business-to-business (B2B), business-to-consumer (B2C), and card.

The coverage can also be purchased as a Full Research Suite; containing all these elements and including a substantial discount.

All report content is delivered in the English languag

Key Features

Market Dynamics: Insights into key trends and market expansion challenges within the stablecoin market, including trends, drivers, obstacles, and opportunities for the stablecoin market. The report addresses the challenges faced by the cross-border payments sector regarding transaction costs, how integration and partnerships are key for stablecoin usage, and the interplay between stablecoins in financial markets. The research also features a Country Readiness Index assessing the current development and segment growth of the stablecoins market across 8 key regions, as well as providing a future market outlook.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the stablecoins market, accompanied by strategic recommendations for stakeholders.
Benchmark Industry Forecasts: The stablecoins dataset includes forecasts for total value and total volume of the stablecoin market across P2P, P2B, B2B, B2C, and card use cases, including the total volume and value of stablecoin transactions for each use case, respectively.
Juniper Research Competitor Leaderboard: Key market player capability and capacity assessment for 19 stablecoin-issuing vendors, via the Juniper Research Competitor Leaderboard.

Market Data & Forecasting Report

The market-leading research suite for the stablecoin market includes access to the full set of forecast data of 74 tables and 39,770 datapoints. Metrics in the research suite include:

Total Transaction Volume of the Stablecoin Market (P2P, P2B, B2B, B2C, and card)
Total Transaction Value of the Stablecoin Market (P2P, P2B, B2B, B2C, and card)

The data is split by the following segments:

5 key use cases (P2P, P2B, B2B, B2C, and card)
8 key regions (North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific, Africa & Middle East).

Juniper Research Interactive Forecast Excel contains the following functionality:

Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
Country Data Tool: This tool allows users to look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
Country Comparison Tool: Users can select and compare specific countries. The ability to export graphs is included in this tool.
What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via five interactive scenarios.

Market Trends & Strategies Table of Contents

1. Key Takeaways & Strategic Recommendations

1.1 Key Takeaways
1.2 Strategic Recommendations

2. Market Landscape

2.1 Introduction and Definitions
2.2 History of Stablecoins
- Figure 2.1: Tether’s USDT Market Capitalisation Chart
- Figure 2.2: Tether’s Reserves
- Figure 2.3: Stablecoin Price Levels: USDC, USDT, USDP, DAI, BUSD (March 10-15th, 2023)
- Figure 2.4: LUNA Token Collapse
2.3 The Current Landscape
2.4 Stablecoins Versus Traditional Payment Rails
- Figure 2.5: Comparison Between Payment Instruments
- Figure 2.6: Stablecoins Versus Legacy Payment Rails

3. Key Trends, Drivers, Obstacles & Opportunities

3.1 Key Trends
- 3.1.1 Strategy for Dollar Hegemony
- Figure 3.1: United States Government Debt, $m, 2016-2026
- Figure 3.2: US Treasury Holders
- 3.1.2 Crypto-backed Payment Cards
- 3.1.3 Corporate & Institutional Adoption
3.2 Key Drivers
- 3.2.1 On-chain Use Cases
- 3.2.2 Hyperinflation & Foreign Exchange Volatility
- 3.2.3 Cross-border Payments
3.3 Key Obstacles
- 3.3.1 CBDCs & Tokenised Bank Deposits
- 3.3.2 Real-time Payments (RTP)
- 3.3.3 Regulatory Fragmentation
- 3.3.4 Privacy
3.4 Key Opportunities
- 3.4.1 Adoption of Stablecoins and DeFi for Mobile Money in Emerging Markets
- 3.4.2 Agentic Commerce
- 3.4.3 Stablecoin-as-a-Service
- Figure 3.3: Revenue per Employee

4. Country Readiness Index

4.1 Introduction to the Country Readiness Index
- Figure 4.1: Juniper Research Country Readiness Index Regional Definitions
- Table 4.2: Juniper Research Country Readiness Index Scoring Criteria:Stablecoins
- Figure 4.3: Juniper Research Country Readiness Index: Stablecoin Market
- Table 4.4: Stablecoin Country Readiness Index: Market Segments
4.2 Focus Markets
- Figure 4.5: Total Value of Stablecoin Transactions per annum ($bn) in Focus
4.3 Growth Markets
- Figure 4.6: Total Value of Stablecoin Transactions per annum ($bn) in Growth Markets, Split by Eight Key Markets, 2026-2035
4.4 Saturated Markets
- Figure 4.7: Total Value of Stablecoin Transactions per annum ($bn) in Saturated Markets, Split by Eight Key Markets, 2026-2035
4.5 Developing Markets
- Figure 4.8: Total Value of Stablecoin Transactions per annum ($bn) in Developing Markets, Split by Eight Key Markets, 2026-2035
- Table 4.9: Juniper Research Country Readiness Index Heatmap: North America
- Table 4.10: Juniper Research Country Readiness Index Heatmap: Latin America
- Table 4.11: Juniper Research Country Readiness Index Heatmap: West Europe
- Table 4.12: Juniper Research Country Readiness Index Heatmap: Central & East Europe
- Table 4.13: Juniper Research Country Readiness Index Heatmap: Far East & China
- Table 4.14: Juniper Research Country Readiness Index Heatmap: Indian
- Table 4.15: Juniper Research Country Readiness Index Heatmap: Rest of Asia Pacific
- Table 4.16: Juniper Research Country Readiness Index Heatmap: Africa & Middle East

2. Competitor Leaderboard Table of Contents

1. Juniper Research Competitor Leaderboard

1.1 Why Read This Report
- Table 1.1: Juniper Research Competitor Leaderboard: Stablecoin Vendors & Product Portfolio
- Figure 1.2: Juniper Research Competitor Leaderboard: Stablecoin Vendors
- Table 1.3: Juniper Research Leaderboard: Stablecoin Vendor Positioning
- Figure 1.4: Juniper Research Competitor Leaderboard Heatmap: Stablecoin Vendors (Pg 1 of 2)
- Figure 1.4: Juniper Research Competitor Leaderboard Heatmap: Stablecoin Vendors (Pg 2 of 2)
1.2 Stablecoin Vendor Profiles
- 1.2.1 A7
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities
- 1.2.2 Agora Finance
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - Figure 1.5: Blockchain Deployments of AUSD
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.3 Anchorage Digital
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities
- 1.2.4 BitGo
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.5 Bridge (Stripe)
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.6 Circle
  - i. Corporate
  - Figure 1.6: Circle - Financial Information Snapshot, ($m), 2022-2024
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.7 Ethena.fi
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.8 Falcon Finance
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development pportunities.
- 1.2.9 Fireblocks
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.10 Fiserv
  - i. Corporate
  - Figure 1.7: Fiserv Financial Snapshot, ($m), 2022-2024
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.11 M0
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.12 Paxos Trust Company
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.13 PayPal
  - i. Corporate
  - Figure 1.8: PayPal Group Financial Snapshot, ($m), 2022-2024
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.14 Ripple Labs
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.15 Societe Generale
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - Figure 1.9: SG-FORGE CoinVertible Circulation Metrics
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.16 SoFi Technologies
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.17 STASIS
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.18 Tether Limited
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
- 1.2.19 TRON DAO
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients and Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities.
1.3 Juniper Research Competitor Leaderboard Assessment Methodology
- 1.3.1 Limitations & Interpretations
- Table 1.10: Juniper Research Competitor Leaderboard Scoring Criteria
1.4 Related Research

3. Data & Forecasting Table of Contents

1. Market Overview

1.1 Introduction
1.2 Methodology & Assumptions
- Figure 1.1: Person-to-person Remittances (Stablecoins) Methodology
- Figure 1.2: Person-to-business International and Domestic eCommerce (Stablecoins) Methodology
- Figure 1.3: Business-to-business International and Domestic (Stablecoins) Methodology
- Figure 1.4: Business-to-person Salary Payments (Stablecoins) Methodology
- Figure 1.5: Card Transactions & Value (Stablecoins) Methodology

2. Forecast Summary

2.1 Total Volume of Stablecoin Transactions (by Key Region)
- Figure & Table 2.1: Total Number of Transactions Made Using Stablecoins (m), Split by 8 Key Regions, 2026-2035
2.2 Total Volume of Stablecoin Transactions (by Segment)
- Figure & Table 2.2: Total Number of Transactions Made Using Stablecoins (m), Split by Segments, 2026-2035
2.3 Total Value of Stablecoin Transactions (by Key Region)
- Figure & Table 2.3: Total Value of Stablecoin Transactions ($bn), Split by 8 Key Regions, 2026-2035
2.4 Total Value of Stablecoin Transactions (by Segment)
- Figure & Table 2.4: Total Value of Stablecoin Transactions ($bn), Split by Segment, 2026-2035

3. Segment Split

3.1 Total Volume of P2P Remittance Stablecoin Transactions
- Figure & Table 3.1: Total Volume of P2P Remittances in Stablecoins (m), Split by 8 Key Regions, 2026-2035
3.2 Total Value of P2P Remittance Stablecoin Transactions
- Figure & Table 3.2: Total Value of P2P Remittances in Stablecoins ($bn), Split by 8 Key Regions, 2026-2035
3.3 Total Volume of P2B Stablecoin Transactions
- Figure & Table 3.3: Total Volume of P2B Stablecoin Transactions (m), Split by 8 Key Regions, 2026-2035
- Table 3.4: Total Volume of P2B Stablecoin Transactions, Split by International & Domestic, (m), 2026-2035
3.4 Total Value of P2B Stablecoin Transactions
- Figure & Table 3.5: Total Value of P2B Stablecoin Transactions ($bn), Split by 8 Key Regions, 2026-2035
- Table 3.6: Total Value of P2B Stablecoin Transactions ($bn), Split by International & Domestic, 2026-2035
3.5 Total Volume of B2B Stablecoin Transactions
- Figure & Table 3.7: Total Volume of B2B Stablecoin Transactions (m), Split by 8 Key Regions, 2026-2035
- Table 3.8: Total Volume of B2B Stablecoin Transactions (m), Split by Segment, 2026-2035
3.6 Total Value of B2B Stablecoin Transactions
- Figure & Table 3.9: Total Value of B2B Stablecoin Transactions ($bn), Split by 8 Key Regions, 2026-2035
- Table 3.10: Total Value of B2B Stablecoin Transactions ($bn), Split by International & Domestic, 2026-2035
3.7 Total Volume of B2C Stablecoin Transactions
- Figure & Table 3.11: Total Volume of B2C Stablecoin Transactions (m), Split by 8 Key Regions, 2026-2035
3.8 Total Value of B2C Stablecoin Transactions
- Figure & Table 3.12: Total Value of B2C Stablecoin Transactions ($bn), Split by 8 Key Regions, 2026-2035
3.9 Total Volume of Card Transactions Made Using Stablecoins
- Figure & Table 3.13: Total Volume of Card Transactions Made Using Stablecoins (m), Split by 8 Key Regions, 2026-2035
3.10 Total Value of Card Transactions Made Using Stablecoins
- Figure & Table 3.14: Total Value of Card Transactions Made Using Stablecoins ($bn), Split by 8 Key Regions, 2026-2035