Standard Chartered executive says stablecoins reach $7 trillion monthly

  • Jeff Kendrick says stablecoins process about $7 trillion in transactions monthly.
  • Solana handles about 20% of total stablecoin transaction volume, Kendrick said.
  • Kendrick identified corporate use in payments and transfers as the next growth driver.

Stablecoins process about $7 trillion in transactions each month, according to Jeff Kendrick, Standard Chartered's global head of digital assets. Kendrick said Solana handles about 20% of total stablecoin transaction volume, supported by its speed and low fees. Speaking on Solana's official House of Sol podcast in remarks cited by BlockBeats on September 3, he said stablecoin use has broadened beyond crypto trading into business-to-business payments and fund settlement. Kendrick said blockchain networks are developing more specialized roles based on speed, cost, liquidity and regulatory considerations. He identified corporate adoption as the next major growth driver, including potential use in cross-border remittances, internal fund transfers and supply-chain payments.

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