Citigroup: the stablecoin market could reach $3.7 trillion by 2030
According to a forecast by the Citi Institute, the volume of the stablecoin market could range from $0.5 trillion to $3.7 trillion by 2030, depending on the scenario for technology adoption. This is stated in a new report titled Blockchain & Digital Dollar.
Analysts identified three likely scenarios:
▫️ Bearish: $0.5 trillion with weak integration and regulatory constraints.
▫️ Base: $1.6 trillion with moderate growth in usage for payments and trading.
▫️ Bullish: $3.7 trillion with widespread adoption in payments and cross-border transfers.
According to the forecast, around 90% of stablecoins will be denominated in US dollars. Issuing companies could become some of the largest holders of US Treasury bonds, investing more than $1 trillion in them under the base scenario.
Citigroup highlights the main areas of stablecoin application: trading on cryptocurrency exchanges, international remittances, cross-border payments, and use in banking liquidity.$BTC
