A new report from Keyrock (a crypto market maker) and Bitso (a big Latin American exchange) says that by 2030, payments using stablecoins could be worth over $1 trillion every year.
Why Stablecoins Are Growing
Stablecoins are digital currencies tied to real money like the U.S. dollar, which keeps their value steady. People and businesses are using them more because they are faster and cheaper than traditional banks.
Sending $200 through a bank can cost up to 13% in fees and take several days.
With a stablecoin, the same transfer is done in seconds with almost no cost.
This makes stablecoins especially useful for cross-border payments and foreign exchange markets, which see $7.5 trillion traded every day. Currently, banks take two days to settle these trades (T+2), but stablecoins could cut this time down dramatically.
Big Impact on Global Payments
The report predicts that by 2030, if issues like regulation, liquidity, and interoperability are solved, stablecoins could handle around 12% of all global cross-border payments.
Right now, stablecoins are less than 3% of the global remittance market (valued at $195 billion), but that number is expected to rise quickly.
Governments and Companies Are Getting Involved
In July 2024, U.S. President Donald Trump signed the Genius Act, officially recognizing stablecoins.
In Europe, the MiCA regulations now provide a legal framework for stablecoin use.
This clarity is bringing in more participants, from fintechs and payment companies to traditional banks, all competing with major crypto firms like Tether and Circle.
Some are even building their own blockchains:
Circle launched its own chain called Arc.
Stripe is working with MetaMask on blockchain payment solutions.
The Bigger Picture
The stablecoin market is already worth over $260 billion. With big companies, banks, and regulators stepping in, experts believe stablecoins could soon become part of every financial institution’s infrastructure.
As Devere Bryan, CEO of First Digital (behind FDUSD), put it:
"In the long run, every financial institution will need to support stablecoin systems in some way."
