Stablecoins are on track to become one of the most powerful forces in global finance, with Citibank predicting issuance could hit $4 trillion by 2030.
In a new report, the bulge-bracket bank lifted its bull-case projection for stablecoin issuance from $3.7 trillion earlier this year.
The revision follows what Citi called blockchain’s “ChatGPT moment,” with stablecoins driving mainstream adoption at an unexpected pace.
Stablecoins are a vital addition to the finance toolkit, especially for digitally native companies and frontier market households, Citi analysts Ronit Ghose and Ryan Rugg said.
They project that stablecoins will support as much as $200 trillion in annual transactions.
The forecast comes as the stablecoin sector surges toward a $300 billion market cap, according to DefiLlama data, as Wall Street giants embrace digital dollars en masse.
‘Fringe to urgent’
Anna Strebl, CEO of stablecoin payment platform Confirmo, said her firm has witnessed exponential growth in real-world flows.
“In 2022, monthly volume in business-to-business stablecoin payments was under $100 million. Today, it’s over $3 billion,” she told DL News.