Citi has released a striking report projecting that the issuance of stablecoins could reach an astonishing $4 trillion by 2030, a significant increase from its earlier estimate of $3.7 trillion this year. This upward revision highlights what the bank describes as blockchain’s “ChatGPT moment,” characterized by the accelerating mainstream adoption of stablecoins.
According to Citi analysts Ronit Ghose and Ryan Rugg, stablecoins are becoming integral tools in the financial landscape, particularly benefiting digitally native companies and households in emerging markets. They forecast that stablecoins could facilitate up to $200 trillion in annual transactions, a staggering figure that underscores their growing importance.
As the stablecoin sector inches closer to an overall market cap of $300 billion, the momentum has been driven by major financial players increasingly embracing these digital assets. Anna Strebl, CEO of the stablecoin payment platform Confirmo, reported that her company has experienced exponential growth in transaction volumes. Monthly business-to-business stablecoin payments spiked from below $100 million in 2022 to over $3 billion today, indicating a pivotal shift from its original peer-to-peer focus to becoming a crucial element in global financial settlements.
Ron Tarter, CEO of stablecoin enterprise MNEE, contextualized the current urgency in the industry, relating it to the signing of the Genuis Act by former President Donald Trump, which established a federal regulatory framework for stablecoins. He remarked that this legislation transformed the perception of stablecoins from being a niche product to an urgent necessity, prompting rapid action from corporate America.
The outlook for stablecoin startups appears robust, with funding continuing to flow into the sector. So far in 2025, these companies have raised $537 million, a fivefold increase compared to 2024. Notably, Circle, the issuer of USDC, successfully raised $1 billion during its public offering in June and maintains a strong market presence with a valuation of $36 billion, despite reporting a $482 million loss in Q2.
Additionally, Tether, the leading global stablecoin operator, is reportedly in discussions to secure $20 billion in funding at a valuation of $500 billion, positioning it alongside tech giants such as OpenAI and SpaceX. Citi’s report emphasizes that the future dynamic of the market will not be dominated by a single form of dollar-pegged token. Instead, a variety of issuers and on-chain currencies are expected to coexist, driven by growing demand for dollar-linked assets, which will, in turn, create additional demand for US Treasuries.
These forecasts are in line with earlier insights from US Treasury Secretary Scott Bessent, who suggested that stablecoins could evolve into a $2 trillion market in just a few years.
On a different note, the broader cryptocurrency market shows some fluctuations, with Bitcoin down 2.6% over the past 24 hours, currently trading at $108,939, while Ethereum has seen a 3.2% decrease, trading at $3,892.
