Catenaa, Friday, April 25, 2025-Citigroup (Citi) said Thursday that stablecoin could evolve into a multi-trillion-dollar asset class by 2030, as adoption accelerates amid a shifting regulatory landscape.
In a new report, the banking giant estimated that total stablecoin supply may climb to $1.6 trillion by the end of the decade, with a high-end scenario approaching $3.7 trillion. The current market is valued near $240 billion.
“This year could be blockchain’s ‘ChatGPT moment,’” the report said, citing expected momentum from regulatory clarity and increased financial sector participation. Citigroup said that growth in the financial and public sectors could drive a transformation across the broader crypto ecosystem.
The projection comes as Congress debates legislation aimed at overseeing stablecoins, a top priority under President Donald Trump’s crypto-friendly administration. Lawmakers in both chambers are considering bills that could allow major US banks to enter the space. Bank of America is among institutions reportedly preparing to issue US dollar-backed digital tokens.
Citigroup added that a clear regulatory framework could create new demand for US Treasuries, with stablecoin issuers becoming key holders. Market leader Tether already maintains tens of billions of dollars in Treasury assets.
Still, the report cautioned that slower adoption and integration issues could limit growth, keeping the total market closer to $500 billion. It also noted stablecoins may challenge the traditional banking model by drawing away deposits.
Some banks are lobbying for limits on who can issue stablecoins, seeking to prevent fintech firms from gaining a dominant foothold in the regulated token space.
