Citigroup’s $3.7T Stablecoin Forecast Points to Deeper Crypto Integration

Citigroup’s Global Perspectives & Solutions unit released a report forecasting that the stablecoin market could reach $3.7 trillion by 2030. While the report highlights that around 90% of this market may remain dollar-denominated, it envisages major financial shifts including increased demand for U.S. Treasuries and the rising prominence of banks and institutions as both issuers and custodians. The analysis, based on historical growth phases from 2019 to 2021, suggests that if the bull case materializes the resulting expansion could reshape digital finance, enhance liquidity in crypto markets, and catalyze infrastructure investments. Although the primary focus is on stablecoins (e.g., USDT and USDC), platforms like Ethereum are mentioned as potential beneficiaries of increased market liquidity and cross-border payment activities, thereby positioning them to enjoy indirect gains from the broader institutional and regulatory shifts in the crypto space.