Stablecoin Volumes Projected to Reach $719 Trillion by 2035

The growth of stablecoins is expected to continue its rapid expansion in the coming years, with a new report from Chainalysis projecting volumes to reach $719 trillion by 2035. This projection is based on organic growth alone, and does not take into account additional macro catalysts that could drive adoption even higher.

The report cites a $100 trillion wealth transfer from Boomers to crypto-native Millennials and Gen Z as a key driver of stablecoin adoption. This shift in generational wealth is expected to begin around 2028, with nearly half of Millennials and Gen Z having already held or currently holding crypto according to a 2025 Gemini survey.

Chainalysis estimates that this demographic transition will reshape financial activity over the next decade, with traditional institutions that fail to adapt potentially seeing capital migrate towards on-chain ecosystems.