Chainalysis estimates that stablecoin transaction volumes could reach as high as $1.5 quadrillion by 2035, far exceeding today’s global cross-border payment flows.
The firm said adjusted stablecoin volume could grow from $28 trillion in 2025 to $719 trillion by 2035 through organic expansion alone, reflecting continued rapid adoption of digital dollar infrastructure.
“Factor in these catalysts, and our projections change: 2035 volumes could approach $1.5 quadrillion, a figure that would surpass the estimated $1 quadrillion in global cross-border payments today,”
Chainalysis said.
The higher projection depends on two major drivers: a $100 trillion generational wealth transfer to crypto-native investors and stablecoins becoming a dominant global payment rail.
Even the base-case estimate implies sustained exponential growth, requiring a compound annual growth rate of 133% over the next decade.
According to Rachael Lucas, the $1.5 quadrillion figure represents a “ceiling-case scenario,” though accelerating infrastructure investment and institutional adoption could support continued expansion.
Industry momentum is also being supported by rising adoption among younger investors and growing interest from financial institutions, positioning stablecoins as a key driver of broader crypto usage.