Citi predicts stablecoin market could reach $3.7 trillion by 2030, surpassing the current global cryptocurrency market cap.
Regulatory support and institutional integration are key factors driving this growth, with stablecoins playing a significant role in mainstream economy.
Stablecoins are expected to replace some overseas and domestic U.S. currency holdings, serving as the cash leg for tokenized financial assets and payments by SMEs and large corporates.
Shift towards stablecoins for payments rather than just settlement and trading tools is observed, with stablecoin volume projected to increase significantly in the next 12 months.