Stablecoin Supply Projected to Surge by 2030, Says Citibank

According to Odaily, Citibank forecasts that the total circulating supply of stablecoins could rise to between $1.6 trillion and $3.7 trillion by 2030, depending on various scenarios. The bank anticipates that the majority of stablecoin supply will continue to be denominated in U.S. dollars, accounting for approximately 90%. Meanwhile, non-U.S. countries are expected to advance the development of their own Central Bank Digital Currencies (CBDCs). Citibank analysts noted in a recent report that although the long-term potential is significant, the opportunities are still in the early stages. They highlighted the limited visibility regarding the timeline and the acceptance by end-users.