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Stablecoins surpass Visa's forty years of volume in five years, with financial assets potentially reaching $27 trillion.
On June 30, Gan Tian, the CEO of Huaxia Fund (Hong Kong), stated that by the end of May 2025, the global issuance scale of stablecoins has exceeded 235 billion USD, surpassing Visa's 40-year transaction volume in just 5 years. If stablecoins are viewed as a narrow monetary base (M0) exceeding 250 billion USD, analogous to the traditional currency system's M0, the total financial asset size formed is conservatively estimated to reach 14 trillion USD, while those with higher estimates believe it has reached 27 to 28 trillion USD.
Gan Tian predicts that within the next decade, all traditional financial assets in the financial market will be put on the blockchain. Only by going on-chain can we break through the limitations of transaction timeliness under the traditional settlement model. In the next 5 to 8 years, the entire financial system's back-end and middle-office will face tremendous changes.