Stablecoin infrastructure investment has been projected to reach as much as $8 billion in 2027 as institutional capital moves toward regulated payment, settlement and compliance systems supporting digital currencies.
NGPES, a French fintech group building regulated payment infrastructure between traditional finance and digital assets, said in a report shared with crypto.news that investment across stablecoin issuers and related infrastructure could reach $4 billion to $6 billion in 2026 before increasing to between $7 billion and $8 billion next year.
The projections form part of the company’s outlook for a stablecoin market where investment is increasingly directed toward payment rails, institutional custody, treasury platforms, compliance technology and reserve management systems.
“The investment story around stablecoins has fundamentally changed,” NGPES President Suren Hayriyan said. “Five years ago, investors were asking which stablecoin would win. Today, they are increasingly asking which regulated infrastructure will enable institutional adoption.”
Stablecoin infrastructure investment could accelerate through 2027
NGPES based its projections on publicly announced venture investments, strategic financings and infrastructure transactions across the stablecoin sector.
Capital is increasingly being directed toward regulated payment infrastructure, treasury and settlement platforms, institutional custody, compliance systems, reserve management, cross-border payment orchestration and developer APIs, according to the company.
Deal sizes have also increased. NGPES estimated that average venture deal sizes in the sector rose between 30% and 40% during 2025 and could increase another 25% to 35% in 2026. A further 20% to 30% increase could follow in 2027 as later-stage funding, strategic partnerships and acquisitions account for more activity.
“Issuing a stablecoin is becoming only one part of the value chain,” Hayriyan said. “The larger opportunity lies in building the regulated infrastructure that enables stablecoins to operate safely and efficiently at institutional scale.”
Institutional adoption has already moved into payment and banking systems. In July, Standard Chartered launched $USDC access for eligible institutional clients through its banking platform, allowing them to mint and redeem the stablecoin without maintaining a direct Circle account.
Around the same period, BNY added $USDC services covering minting, redemption, custody and transfers through its Digital Asset Custody platform.
Stablecoin infrastructure has also expanded into cross-border settlement. As crypto.news reported in July, Circle integrated its Gateway and Circle Payments Network with Fireblocks, allowing institutional customers to manage $USDC across supported blockchains and make local fiat payouts in more than 50 countries.
Payment activity could outpace stablecoin supply growth
NGPES expects infrastructure demand to increase as stablecoins handle more commercial payments without requiring circulating supply to expand at the same rate.
Global stablecoin market capitalization surpassed $300 billion in 2026, and the company expects it to approach $450 billion in 2027. Under a high-adoption scenario, NGPES estimates the market could reach between $2 trillion and $3 trillion by 2030, depending on regulation, banking integration and institutional distribution.
Transaction activity relative to circulating supply could increase about 130% to 140% during 2026 and as much as 200% in 2027, according to its projections.
Stablecoin supply has not increased in a straight line. Market supply fell by $7.7 billion in June to around $312 billion after reaching a record in May, with the monthly decline becoming the largest in dollar terms since the TerraUSD collapse in 2022.
NGPES expects payment and settlement activity to remain the more important measure as stablecoins find uses in cross-border payments, corporate treasury management, business-to-business settlement, remittances and tokenized financial markets.
“We are approaching an important inflection point,” Hayriyan said. “In our view, stablecoin payment and settlement activity is likely to grow significantly faster than circulating supply.”
Industry estimates cited by the company put identifiable real-world stablecoin payment activity at about $390 billion during 2025, covering goods and services, remittances and corporate settlements.
Business payment data has provided another measure of the trend. A Paybis report found in June that stablecoins represented 86% of its crypto volume, while B2B clients generated 97.8% of stablecoin volume through April. The company’s survey also found that 22.5% of businesses already used stablecoins for cross-border payments or planned to do so within 12 months.
Emerging markets could drive payment volumes higher
Latin America and Africa could record some of the fastest increases in commercial stablecoin activity, according to the NGPES forecasts.
Latin American payment volumes could rise between 55% and 65% in 2026 before increasing another 45% to 55% in 2027. The company tied its estimates to remittance demand, cross-border commerce and access to stable currencies.
Across African markets, NGPES projects stablecoin payment volumes could rise 65% to 80% in 2026 and another 50% to 65% in 2027 as mobile-first economies use digital currencies for international payments and commercial settlement.
Institutional distribution could develop alongside those payment flows. Banks, payment companies, asset managers and regulated fintech firms are entering the sector through partnerships, consortium projects, treasury products and white-label issuance models, the company said.
White-label stablecoin infrastructure could account for 15% to 20% of issuance volume by the end of 2026 and between 25% and 30% by the end of 2027, according to NGPES.
The model allows financial institutions to offer stablecoin products using existing regulated infrastructure instead of building issuance, compliance and settlement systems internally.
MiCA is directing capital toward regulated euro stablecoins
Europe represents another part of the investment thesis, with the Markets in Crypto-Assets Regulation giving issuers and infrastructure companies a common regulatory framework across the European Union.
NGPES expects investment in euro-pegged stablecoin infrastructure to total about $300 million to $350 million across 2026 and 2027, citing demand for regulated infrastructure despite the relatively small circulation of euro-backed tokens.
Recent market data supports the difference in scale between euro and dollar stablecoins. A July market analysis found that the capitalization of eight MiCA-compliant euro stablecoins increased 128% from $295.6 million on June 30, 2025, to $673.9 million on June 28, 2026.
NGPES expects the euro-pegged stablecoin market to reach around $1 billion during 2026 and between $1.6 billion and $1.7 billion in 2027 as exchange integrations and fiat payment rails expand. Even at the upper end of the forecast, euro stablecoins would represent less than 1% of the dollar-pegged market.
European banks have started building infrastructure around the regulated tokens. A consortium led by Qivalis selected Fireblocks in April to provide infrastructure for a MiCA-compliant euro stablecoin intended for institutional settlement, treasury operations and tokenized assets.
Regulatory approvals have expanded on the service-provider side as well. OpenPayd secured MiCA authorization in June for services including fiat-to-stablecoin conversion, custody, wallet infrastructure and stablecoin transfers across major blockchain networks.
For NGPES, regulatory authorization is becoming part of the investment criteria as institutions evaluate governance, liquidity, compliance and operational resilience alongside the underlying technology.
“The next phase of the stablecoin market will not be defined by token issuance alone,” Hayriyan said. “It will be defined by the quality of the regulated infrastructure supporting institutional adoption.”
