The StableCOin market is expanded faster than expected, with issues of issuing increases from approx. $ 200 billion at the beginning of 2025 to $ 280 billion from Thursday, according to a Citi report.
The bank has raised its 2030 forecast for stableecoin issuing to $ 1.9 trillion in its basic case and $ 4 trillion in a bull case, up from $ 1.6 trillion and $ 3.7 trillion respectively.
If stableecoins circulate at a speed comparable to FIAT currency, they could support up to $ 100 trillion in annual transactions in 2030 under the base scenario and twice as much in the Bull case. Citi argued that this growth reflects blockchain’s “chatgpt moment” as digitally native companies are adopting the real world.
Still, the report suggests that stableecoins may not dominate all financing on the chain. Bank-tokens-such as tokenized deposits-Kunne ultimately see higher transaction quantities, driven by the company’s demand for regulatory protection measures, real-time settlement and embedded compliance. A small migration of traditional bank rails on-chain, Citi estimated, could push the bank’s token turnover beyond $ 100 trillion at the end of the decade.
The prognosis also emphasized the continued role of the US dollar. Most money on the chain remains dollar-denominated, which burns the demand for treasuries, although hubs like Hong Kong and UAE emerge as centers of experimentation.
Citi framed the increase in stablecoins not as a struggle to replace banks, but as part of a wider reimagination of financial infrastructure. Different forms of digital money – stableecoins, bank -tokens and CBDCs – will probably exist together, each of which finds its niche.
