The essence of stablecoins is currency, and observers say a future in which their use is indispensable is approaching. Last year, global stablecoin trading volume rose 72 percent to $33 trillion, with most trades centered on USDT and USDC. Bloomberg Intelligence projects that stablecoin payments could reach $56 trillion by 2030, underscoring rapid growth in the sector. These dynamics suggest stablecoins will be deeply integrated into everyday commerce, especially for cross-border deals where fees are minimized.
Analysts note that stablecoins’ lack of exchange fees could make them a preferred method for international trade, and there is anticipation that future incentives such as price discounts or reward points could drive broad consumer adoption. Domestic discussions in Korea are advancing, as lawmakers prepare to finalize the Digital Asset Basic Act to address stablecoins. Global observers also stress the need to update accounting for digital assets as part of a broader policy response. FASB has begun examining digital asset accounting standards in the United States, and PwC is expanding into the digital assets market as part of a broader trend among Big Four firms.
Some observers argue that future accounting standards will differentiate stablecoins, Bitcoin, and altcoins by their currency characteristics rather than treating all digital assets uniformly. In this view, Bitcoin is unlikely to disappear, with supporters citing its store-of-value properties and growing community ownership as signs of continued expansion rather than obsolescence. A new accounting work argues that the capital markets’ structure is changing rapidly while accounting infrastructure must evolve accordingly to reflect those shifts.
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