Stablecoin Market Growing Rapidly

Stablecoins have rapidly transformed from niche crypto assets into one of the fastest-growing segments in finance, according to an analysis by visualcapitalist.com, which notes that their promise of price stability, combined with the efficiency of blockchain, has attracted both individual and institutional users, leading the size of the profile market to approximately $282 billion in 2025.

The cited source presents, according to data from the Citi Global Perspectives & Solutions Stablecoin 2030 report, the size of the stablecoin market from 2020 to 2025, respectively forecasts for 2030.

In 2020, the stablecoin market was valued at only $28 billion. By 2025, this figure has grown to $282 billion, a tenfold increase in just five years. In 2021, the market value was $167 billion, in 2022 - $138 billion, in 2023 - $130 billion, and in 2024 - $204 billion. The rapid expansion from 2020 to 2025 came as stablecoins became a key liquidity tool in crypto trading and DeFi applications (n.r. Decentralized Finance - an ecosystem of blockchain-based applications that provide financial services without intermediaries, such as banks or brokerage houses. Despite fluctuations in crypto markets, stablecoins such as Tether and Circle have steadily gained ground as a bridge between traditional finance and cryptocurrencies.

• 2030 Forecast

Citi estimates that the stablecoin market could reach $1.9 trillion in 2030, in the base case, while an optimistic, significant growth ("bull”) scenario, predicts a value of $4 trillion. Citi considered three pillars in its scenarios: the shift of cash and deposits from the US to digital tokens ($648 billion in 2030, in the base, and $1.591 trillion in the bull scenario); the replacement of short-term international liquidity instruments with stablecoins ($518 billion in the base scenario, and $1.308 trillion in the bull scenario); and the growing role of stablecoins as a backbone of cryptocurrency adoption as the ecosystem develops ($702 billion in the base scenario, and $1.088 trillion in the bull scenario).

Even in the base scenario, the size of the stablecoin market is expected to grow 6.7 times, as it is likely to become an even more integrated and used part of the global financial industry.