Pendle stablecoin pools surpass $6 billion in year-to-date notional trading volume amid upcoming developments

Pendle said in a September 28 post, according to BlockBeats, that its stablecoin pools have recorded more than $6 billion in nominal trading volume year-to-date, while the broader stablecoin market could expand toward $2 trillion over the coming years. The post ties Pendle's existing activity to forecasts it cited from major financial institutions.

A $6 billion base for Pendle's stablecoin pools

Pendle said the stablecoin supply is currently about $300 billion. Against that base, its stablecoin pools have already processed over $6 billion in nominal trading volume since the start of the year. The figure shows the scale of activity Pendle is seeing in stablecoin markets today.

Bank forecasts set the growth case

Standard Chartered expects the stablecoin market to reach $2 trillion by 2028, while Citi forecasts a $1.9 trillion market by 2030. Pendle also said banks and payment networks are preparing to enter the market. Even under JPMorgan's worst-case forecast, in which stablecoin supply only doubles, Pendle's stablecoin-related total addressable market would double within 1.5 years and expand to 10 times its current size within 4 years, according to Pendle.

The Pendle effect and what comes next

Emerging stablecoins such as AUSD have continued to grow, and Dune has described the trend as the "Pendle effect." Pendle said it will keep positioning itself in stablecoin markets as the sector expands. The key point for readers is the link between the current $6 billion trading volume milestone and the larger market forecasts cited by Pendle.