Standard Chartered and Zodia Markets forecast stablecoin usage could reach 10% of U.S. M2 and FX transactions

Stablecoins currently make up 1% of U.S. M2 and FX transactions, but they could feasibly reach 10% of each measure as the sector gains legitimacy, analysts said.The analysts critiqued the legacy global financial infrastructure, pointing out opaque fee structures in correspondent banking and SWIFT systems.