Stablecoins are moving faster than expected. In a new note, Standard Chartered flags a sharp rise in stablecoin velocity. It means these assets are changing hands more frequently than expected. The shift appears to be driven by new use cases. Specificially traditional finance replacement and emerging AI payment flows, rather than just speculative activity. That matters because much of the bullish case for stablecoins (including projections of a $2 trillion market by 2028) assumed relatively stable velocity. Despite that shift, the bank still sees the market reaching $2T by 2028.