Citi Raises Stablecoin Market Cap Forecast to $4 Trillion by 2030

Citi analysts have significantly revised their stablecoin market projections, now forecasting a base case of $1.9 trillion and a bullish scenario of $4 trillion by 2030. This upward adjustment follows six months of accelerated growth, with the stablecoin market capitalization exceeding $280 billion in September. Annual settlements have surpassed $18 trillion, outpacing traditional payment networks like Visa and Mastercard.

The bank's analysis suggests stablecoins are becoming foundational to financial infrastructure rather than disruptive forces. This evolution aligns with legislative developments like the US GENIUS Act and growing global interest in national digital currencies. Citi emphasizes stablecoins' complementary role alongside tokenized deposits in reshaping financial systems.