Goldman Sachs Projects Trillion-Dollar Future for Stablecoins

Goldman Sachs has identified stablecoins as a transformative force in global finance, with the potential to scale into a multi-trillion-dollar market. The firm's research highlights a current $271 billion ecosystem poised for explosive growth as regulatory frameworks mature.

Circle's USDC stands to capture significant upside, with analysts forecasting $77 billion in expansion by 2027—a 40% compound annual growth rate. "Payments represent the most substantial growth vector," notes the report, referencing Visa's $240 trillion annual payment volume across consumer and commercial channels.

The GENIUS Act's 2025 reserve requirements for stablecoin issuers may paradoxically strengthen dollar dominance while unlocking new use cases. Current activity remains concentrated in crypto trading and offshore dollar access, leaving vast swaths of traditional finance ripe for disruption.