Summary
- Goldman Sachs forecast that the USDC market capitalization will grow at an average annual rate of 40% and reach $77 billion by 2027.
- It was reported that USDC could take over Tether's market share and demonstrates strengths in financial infrastructure for payments and cross-border transactions.
- The report anticipated that stablecoins would pose only a limited threat to the traditional payment services industry, and stated that Visa and Mastercard will play roles as promoters of adoption.
There is an assertion that the dollar-based stablecoin USDC may overtake Tether (USDT) in market share.
According to Investopedia on the 20th (local time), Goldman Sachs stated in a report, "USDC, which complies with the GENIUS Act, will take over Tether's market share," adding, "USDC's market capitalization is expected to grow at an average annual rate of 40% and reach $77 billion by 2027." Currently, the market caps of Tether and USDC are approximately $165 billion and $66 billion, respectively.
The main strengths of stablecoins are cited as financial infrastructure, especially interbank settlements and cross-border transactions. However, the possibility of stablecoins fully replacing existing payment services was considered low.
The report stated, "It remains to be seen whether the global stablecoin market ($270 billion) will encroach on the traditional financial services industry," adding, "It is expected to pose only a limited threat to payment services." In particular, Visa and Mastercard were projected to play a role in promoting the adoption of stablecoins, rather than being rivals to stablecoins.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
