Huaxia Fund (Hong Kong) CEO Gan Tian: The total financial assets of stablecoins are estimated to reach $14 trillion

The rise of stablecoins in the global financial system and their disruptive impact on the traditional currency landscape, according to Gan Tian, CEO of Huaxia Fund (Hong Kong), as of the end of May 2025, the global issuance scale of stablecoins has exceeded $235 billion, surpassing Visa's 40 year transaction volume in just 5 years. If we consider stablecoins as a narrow base currency with M0>250 billion US dollars (similar to the traditional monetary system M0), the conservative estimate of the total financial assets formed by them is 14 trillion US dollars, while overvaluers believe it has reached 27-28 trillion US dollars. Gan Tian predicts that within the next decade, all traditional financial assets in the financial market will be put on the blockchain in order to break through the time constraints of traditional settlement models. In the next 5 to 8 years, the entire financial system's middle and back ends will face significant changes. (Caixin News Agency)