PANews reported on February 3rd that, according to The Block, S&P Global Ratings (S&P) predicts in its latest report that the euro-denominated stablecoin market could reach €1.1 trillion (approximately $1.3 trillion) by 2030, representing a roughly 1600-fold increase from the €650 million (approximately $767 million) base at the end of 2025. In its baseline scenario, S&P projects the market will reach €570 billion (approximately $672 billion) by 2030, equivalent to 2.2% of total bank deposits in the eurozone. The report attributes this growth primarily to the demand for asset tokenization investments, noting that the EU's Crypto Asset Markets Regulation (MiCA), which came into effect on January 1, 2025, provides a clear regulatory framework for issuers. S&P believes that the real-world applications of stablecoins, compared to their current primary use in crypto asset trading, will support this rapid growth.