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Stablecoin Use Set to Surge, Says Juniper Research

Jul 12, 2023

Cross-Border Payments Made Easy: Stablecoin Use to Dominate Global Transactions, Says Juniper Research

Juniper Research Stablecoins

According to a recent study by Juniper Research, the value of payment transactions made with stablecoins is predicted to surpass $187 billion by 2028, a significant increase from $53 billion in 2023. The study, titled "CBDCS & STABLECOINS: KEY OPPORTUNITIES, REGIONAL ANALYSIS & MARKET FORECASTS 2023-2030," highlights the rapid progress of stablecoins in the cross-border market, where they offer an alternative to slow, expensive, and difficult-to-track existing payment systems.


Cross-border transactions are expected to dominate the stablecoin market, representing nearly 73% of total transaction values by 2028. The efficiency of stablecoins in removing intermediaries and increasing transaction speed and traceability makes them highly effective in cross-border payments. However, the study also identifies acceptance as a key challenge for stablecoin growth, with the need for new networks and strategies to be developed.


The authors of the research emphasize the vast potential of stablecoins in unlocking the flow of money across borders, particularly for Money Transfer Operators (MTOs). To fully leverage stablecoins, MTOs would require the establishment of extensive networks covering wide geographic footprints. Additionally, the study acknowledges the role of Central Bank Digital Currencies (CBDCs) as another factor influencing stablecoin growth. CBDCs, backed by central banks, have the advantage of faster roll-out potential. However, given the nascent stage of CBDC development and the size of the cross-border space, stablecoins are expected to continue their strong growth alongside CBDCs.


As stablecoins pave the way for more efficient and cost-effective cross-border transactions, the challenge lies in building acceptance and scaling networks. Both stablecoins and CBDCs hold promising prospects for the future of global payments, providing alternatives to traditional systems and enabling seamless international transactions.


Juniper Research's study offers valuable insights into the growing influence of stablecoins in the financial landscape, highlighting the need for industry players to adapt and embrace these emerging technologies to stay competitive in the evolving digital economy.


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