Federal Reserve Bank of New York

Central bank · US · 3 documents

Key number

over $300 billion USD

Global Stablecoin Market Capitalization. OpenAlex (recherche mondiale) p.2

Key number

15,017

Total non-bank sentences identified. European Central Bank p.13

Key number

2,830

Total ECB speeches analyzed. European Central Bank p.8

Key number

$16 trillion USD

Estimated asset tokenization market size by 2030. IMF Fintech p.5

Key number

10 percent %

Estimated share of global GDP tokenized by 2030. IMF Fintech p.5

Stablecoin Depegging, Financial Intermediary Balance Sheet Constraints, and Liquidity in the U.S. Traditional Money Market

Research paperOpenAlex (recherche mondiale)November 202635 pages

By end-2025, the global stablecoin market grew from approximately $25 billion in 2020 to over $300 billion.

ECB Perception of Non-Banks: A Machine Learning-Based Approach

Research paperEuropean Central BankNovember 202636 pages

The authors construct an index tracking the European Central Bank's perception of non-bank financial intermediaries using 2,830 speeches delivered between July 1998 and June 2024.

Tokenization and Financial Market Inefficiencies

Research paperIMF FintechJanuary 202533 pages

The Boston Consulting Group estimates that asset tokenization could reach $16 trillion or 10 percent of global GDP by 2030.