GAM Tin, CEO of China Asset Management (Hong Kong): The total financial assets of stablecoins are estimated to reach $14 trillion
2025/06/30 04:26According to ChainCatcher, citing Jinshi Data, Gan Tian, CEO of China Asset Management (Hong Kong), stated that as of the end of May 2025, the global issuance of stablecoins has exceeded $235 billion. Stablecoins have surpassed Visa’s 40-year transaction volume in just five years. If stablecoins are regarded as a narrow base currency (M0 > $250 billion), analogous to the traditional monetary system’s M0, the total financial asset scale they have formed is conservatively estimated at $14 trillion, with some optimistic estimates reaching $27–28 trillion.
Gan Tian predicts that in the next decade, all traditional financial assets in the financial markets will be tokenized on-chain, as only on-chain settlement can overcome the time constraints of traditional settlement models. Over the next five to eight years, the entire middle and back offices of the financial system will undergo significant transformation.
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