Wall Street firms are now betting that stablecoins will grow more than tenfold by 2030, hitting between $3 trillion and $4 trillion, according to a report from Citizens JMP Securities. The current market cap sits at $225 billion, but firms like Wells Fargo, Citigroup, and others are watching the space closely as new rules come into play and more institutions enter the scene. Devin Ryan, head of financial technology research at Citizens JMP, said they expect stablecoins to open up almost $100 billion in annual revenue for issuers. “Even as interest rates normalize off our $3 trillion estimate, we project a nearly $100 billion revenue opportunity for issuers, which for some will represent incremental fees while for others will be necessary to offset lower transaction fees,” he wrote . Banks, tech firms, and Congress push stablecoin adoption Devin explained that major players from different industries are now entering what he called a post-regulatory ‘land grab’, now that the path is clearer under the Trump administration. The White House has been rolling back Biden-era crypto policies, and Ryan believes that’s fueling new interest from traditional finance. Congress is also expected to pass the GENIUS Act — a bill focused on stablecoin legislation — as early as August 2025. At the same time, new regulatory systems are popping up around the world. Europe’s MiCA law is already active, while Singapore and others are building their own frameworks. The hope is that clearer rules will drive up global adoption and encourage more institutional use of stablecoins outside just trading. Citigroup’s Alex Saunders added more fuel to the forecast in a note on May 30, saying stablecoins could reach between $1.6 trillion and $3.7 trillion by 2030. Alex said the coins are being used as more than just bridge tokens in crypto. “There’s a case to be made for stablecoins as an alternative store of value or a hedge against inflation and political volatility,” Alex wrote. That’s especially true in countries facing currency issues or economic instability. Stablecoins link remittances, US debt demand, and digital payments Devin also said that stablecoins are now useful in everyday finance, things like remittances, business payments, and e-commerce. He pointed out their growing role in tokenized financial markets and said they offer a practical store of value in economies hit by inflation. On top of that, they might boost US debt demand. “Critically for the United States … we estimate the US could see a multi-trillion structural bid for its debt — supporting liquidity and reinforcing monetary leadership,” Devin wrote. Treasury Bills are already used to back many stablecoins, so more demand for these tokens means more demand for US bonds. Alex echoed that point, saying, “The US dollar’s reserve currency status is likely to be reflected in, rather than driven by, relative currency stablecoin issuance.” Both analysts agree that the growth of stablecoins could help keep the dollar strong globally. Meanwhile, the broader crypto market is also showing signs of strength, with Bitcoin staying well above $105,000 as of press time. On Wall Street, the Dow Jones jumped over 200 points — a 0.5% gain — marking four straight days in the green. The S&P 500 went up by 0.6%, and the Nasdaq rose by 0.8%, helped by tech stocks. Nvidia rose by nearly 3%, briefly pushing past Microsoft to become the world’s most valuable public company, yet again. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
