Citigroup has raised its forecast for the stablecoin market, projecting issuance could reach $1.9 trillion in its base case and as much as $4 trillion in a bullish scenario by 2030. That’s up from earlier estimates of $1.6 trillion and $3.7 trillion, reflecting faster-than-expected adoption of blockchain and growing use of digital assets in real-world commerce.
Stablecoins could also underpin vast transaction volumes, with Citi estimating annual turnover of $100 trillion in the base case and up to $200 trillion in a bull case if their velocity mirrors fiat currencies. The bank highlighted that blockchain’s transparency and efficiency are driving adoption across cross-border payments and everyday business use.
Even so, Citi noted bank-issued tokens such as tokenized deposits may ultimately eclipse stablecoins in transaction volume, potentially exceeding $100 trillion by 2030, as companies seek both compliance with regulations and real-time settlement.
The report also reaffirmed the U.S. dollar’s dominance in digital finance, with most stablecoins still dollar-pegged, though emerging hubs such as Hong Kong and the UAE are experimenting with alternative models. Citi expects stablecoins, bank tokens and CBDCs to coexist in a reimagined financial system.
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Info comes via a longer report at CoinCentral.
