Citigroup Report: Stablecoin Market Cap Could Reach $3.7 Trillion by 2030

Citi Group predicts in its Future of Finance report that stablecoins will gradually replace part of the cash reserves domestically and overseas in the United States over the next five years and become part of banks' short-term liquidity tools. The report states that with regulatory support, the market value of stablecoins will reach $1.6 trillion by 2030, and in an optimistic scenario, it could reach $3.7 trillion. According to Fireblocks data, the use of stablecoins is shifting from transaction settlement to the payment sector, with payment companies currently accounting for 16% of transaction volume, expected to increase to 50% within a year. The current total market value of stablecoins is approximately $240 billion, mainly consisting of USDT and USDC.