华夏基金（香港）CEO甘添：稳定币总金融资产规模估计达14万亿美元

Core Viewpoint - The rise of stablecoins is significantly disrupting the traditional currency landscape, with a projected total financial asset scale reaching $14 trillion, and some estimates suggesting it could be as high as $27-28 trillion by 2025 [1] Group 1: Stablecoin Market Size and Growth - As of May 2025, the global issuance of stablecoins is expected to exceed $235 billion, surpassing Visa's transaction volume achieved over 40 years [1] - Stablecoins are projected to represent a narrow monetary base (M0) of over $250 billion, indicating their growing importance in the financial system [1] Group 2: Future Predictions and Market Transformation - Over the next decade, it is anticipated that all traditional financial assets will transition to blockchain technology, which is essential for overcoming the limitations of traditional settlement models [1] - A significant transformation in the back-end operations of the entire financial system is expected within the next 5 to 8 years [1]