Chainalysis: Stablecoin trading volume may exceed $1,500 trillion by 2035

Chainalysis released a report stating that the adjusted trading volume of stablecoins is projected to reach $719 trillion by 2035, a significant increase from $28 trillion in 2025. If two major catalysts materialize—the transfer of $100 trillion in wealth from baby boomers to the crypto-friendly generation and stablecoins replacing traditional payment infrastructure—this figure could double to approximately $1,500 trillion, exceeding the current global cross-border payment volume of approximately $1,000 trillion. Rachael Lucas, an analyst at Australian crypto exchange BTC Markets, stated that $1,500 trillion is an upper-end scenario rather than a baseline forecast, but the target is achievable due to accelerating growth. She pointed out that moves such as Stripe's acquisition of Bridge and Mastercard's partnership with BVNK indicate that infrastructure is under construction, and the regulatory clarity brought by the GENIUS Act makes large-scale institutional participation possible. An OKX survey in January of this year showed that 40% of Gen Z and 36% of Millennials plan to increase their crypto activity this year, compared to 11% of Baby Boomers. A report by EY-Parthenon last September showed that 13% of financial institutions and businesses worldwide were already using stablecoins, and 54% of non-users expected to adopt them within 12 months.