Visualized: Stablecoin Market Size Forecast Into 2030
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Key Takeaways
- The stablecoin market grew from $28 billion in 2020 to $282 billion in 2025, a tenfold increase in just five years.
- By 2030, Citi’s base case projects $1.9 trillion in stablecoins, with $648 billion from banknote reallocation, $518 billion from liquidity substitution, and $702 billion from crypto adoption.
Stablecoins have rapidly shifted from niche crypto assets to one of the fastest-growing segments in finance.
Their promise of price stability combined with blockchain’s efficiency has drawn in both retail and institutional users, pushing stablecoin market size to an estimated $282 billion in 2025.
This visualization uses data and forecasts from Citi Global Perspectives & Solutions Stablecoin 2030 report to show the stablecoin market’s size from 2020 to 2025, with base and bull case forecasts for 2030.
The Stablecoin Market’s Growth and 2030 Forecast
In 2020, the stablecoin market was valued at just $28 billion. By 2025, this figure had surged to $282 billion—a tenfold increase in only five years.
The data table below shows the size of the stablecoin market from 2020 to 2025, along with Citi’s base and bull case forecasts for 2030.
| Year | Stablecoin market size (billions, USD) |
|---|---|
| 2020 | $28 |
| 2021 | $167 |
| 2022 | $138 |
| 2023 | $130 |
| 2024 | $204 |
| 2025 | $282 |
| 2030 (base case forecast) | $1,900 |
| 2030 (bull case forecast) | $4,000 |
The rapid expansion from 2020 to 2025 occurred as stablecoins became a key liquidity tool in crypto trading and DeFi applications. Despite fluctuations in crypto markets, stablecoins like Tether and Circle have consistently gained traction as a bridge between traditional finance and cryptocurrency.
Stablecoin Market Size Forecasts for 2030
Citi projects the stablecoin market could reach $1.9 trillion by 2030 in its base case, while a more optimistic bull case envisions as much as $4 trillion.
The table below gives a detailed breakdown of the contributions to the forecasts:
| Year | Stablecoin market size (billions, USD) | Reallocation of USD bank notes and deposits contribution to forecast | Substitution of international short term liquidity contribution to forecast | Growing cryptocurrency adoption contribution to forecast |
|---|---|---|---|---|
| 2030 (base case forecast) | $1,868 | $648 | $518 | $702 |
| 2030 (bull case forecast) | $3,987 | $1,591 | $1,308 | $1,088 |
These figures are built on three pillars: the shift of U.S. cash and deposits into digital tokens, the replacement of international short-term liquidity tools with stablecoins, and the growing role of stablecoins as the backbone of cryptocurrency adoption as the ecosystem grows.
Even in the base case, the stablecoin market size is projected to grow by 6.7x, as it likely becomes an even more integrated and utilized part of the global finance industry.
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