Stablecoins to Hit $3.7 Trillion by 2030, Says Citi Bank

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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, driven by expanding real-world use cases like payments, remittances, and institutional finance.

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 (USDT): $149.97 billion

USD Coin (USDC): $60.71 billion

USDS: $7.72 billion

Athena USDe and Dai follow closely

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 outlines two scenarios for stablecoin growth:

Base Case: $1.6 trillion market cap by 2030

Bull Case: $3.7 trillion market cap by 2030

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

Cross-border payments

Domestic remittances

SME and corporate transactions

Settlement of tokenized assets

Ghose explains that stablecoins allow global users to hold US dollars or euros affordably and efficiently.

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Payment Companies Drive Adoption

Supporting Citi’s prediction, Fireblocks shared real-world adoption data showing that:

Payment firms represent 11% of their clients

But they account for 16% of stablecoin transactions

Transaction volumes are growing 30% quarter over quarter

Over the last 90 days, Fireblocks processed $517 billion in USDT and USDC

$82 billion came from payment-focused clients

This data confirms that real-world use is growing rapidly, particularly 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 favor stablecoins, others will back CBDCs, and some may adopt both, depending on their regulatory environment.”

Conclusion

With growing adoption across businesses and payment networks, stablecoins are moving into mainstream finance. Citi’s projection of a $3.7 trillion market cap by 2030 may soon shift from possibility to reality.