Stablecoins Are No Longer Just for Crypto Traders. They Could Reach a $3.7T Market by 2030, Citi Says

Stablecoins are no longer just for crypto traders. A new report by global banking giant Citi reveals that stablecoins could reach a market cap of $3.7 trillion by 2030

Stablecoins are quickly becoming a key player in the future of finance. A new report by global banking giant Citi dives into the potential of stablecoins, suggesting they could reach a staggering market cap of $3.7 trillion by 2030.

The report, titled "Citi Future of Finance: Stablecoin Universe," also takes a look at the role of stablecoins in institutional finance and what new use cases could propel adoption to new highs.

Here’s a breakdown of the report and what it means for the future of digital assets.

Stablecoin Market Overview

The total market capitalization of stablecoins currently stands at $245.4 billion, with a 24-hour trading volume of $86.7 billion.

Top stablecoins by market cap:

Tether also dominates trading volume with over $76 billion exchanged in the past 24 hours.

Citi’s Stablecoin Forecast: What to Expect by 2030

Citi’s Future of Finance report explores two scenarios for stablecoin growth:

According to Ronit Ghose, Citi’s Global Head of Future of Finance, stablecoins are evolving into tools for:

“We expect global users to fund their global footprints with diverse currencies, and stablecoins will play a role in enabling these flows quickly and efficiently.”

Payment Companies Drive Adoption

Further supporting Citi’s prediction, Fireblocks highlighted real-world adoption trends with data showing that:

This data underscores the rapid growth of real-world use, especially in the payments sector.

Stablecoin Regulation and Bank Adoption

The future of stablecoins will also depend on evolving global regulations. One key question remains: Will banks use stablecoins, CBDCs, or both?

According to Citi’s Ghose, the answer depends on national strategies:

“Some countries may prefer to have more stablecoins, others will focus on the central bank digital currency, and some may adopt both, depending on the regulatory environment.”

Conclusion

With increasing adoption across businesses and payment networks like SWIFT, stablecoins are quickly entering mainstream finance. Citi’s projection of a $3.7 trillion market cap by 2030 seems like a possibility that could arrive sooner than expected.