"Stablecoin market to grow to at least tens of trillions of dollars" [Eastpoint Seoul 2025]

Opinions were expressed that the stablecoin market will grow radically. This is based on expectations that emerging markets including Asia will grow and that traditional finance will adopt them.

At the 'Eastpoint: Seoul 2025' event held on the 22nd at the Grand Hyatt Seoul, a discussion on stablecoins was held under the theme 'Asia Stablecoin Playbook: What Will the Future of Money Be Like' with Anthony Apollo, director of the Wyoming Stable Token Commission; Alan Du, partner at PayPal Ventures; and Rania Rahaja, APAC director at Ondo Finance.

All three speakers agreed on the market's growth potential. The two partners said, "Stablecoins are expanding not only in U.S. Treasury management but also in adoption by traditional financial institutions," and "expansion into new areas such as payments between AI agents and streaming payments is underway." They added, "Within a few years the market size will reach tens of trillions of dollars." Director Rania also forecasted, "The current stablecoin circulation, about $300 billion, will soon grow to tens of trillions of dollars."

Director Apollo saw regulatory adoption as the key driver of growth. He said, "There are an increasing number of states and countries pursuing issuance of their own stable tokens, like Wyoming," and emphasized, "With adoption by global institutions, it is only a matter of time before the market expands to the trillions of dollars."

However, institutional barriers were still cited as a challenge. Director Apollo said, "Compliance with federal law was the biggest obstacle in Wyoming's process of issuing its own stable tokens." The two partners also pointed out, "From the perspective of global payment companies, differing regulatory regimes by country were the most difficult problem to solve," and "it took enormous costs and time to respond to this."

User adoption and expansion of education and distribution networks were also mentioned as conditions for growth. Director Rania said, "Stablecoins have various functions beyond simple means of payment," and "communicating this and driving broad public use is the key to market growth."