Summary
- Citigroup said it adjusted upward its 2030 outlook to up to $4 trillion for the stablecoin market, reflecting growth over the past six months.
- Citi predicted $1.9 trillion in the base scenario and $4 trillion in the bullish scenario, saying these are higher than previous forecasts.
- Citi analysts assessed that stablecoins would not collapse the banking sector but would contribute to restructuring the financial system.
Citigroup has raised its outlook for the stablecoin market.
On the 27th (local time), according to Cointelegraph, Citi said that reflecting the sharp growth over the past six months, the market could reach up to $4 trillion (about 5,640 trillion won) by 2030.
Citi predicted $1.9 trillion (about 2,679 trillion won) in the base scenario and $4 trillion in the bullish scenario. These figures are higher than previous forecasts ($1.6 trillion · $3.7 trillion).
Citi analysts emphasized that stablecoins will not collapse the banking industry. Rather, they said, they can play a role in reshaping the financial system together with tokenized deposits, etc.
In the report, Citi said, "While skepticism that banks will be rendered powerless is repeatedly expressed, digital assets (cryptocurrencies) are not about destroying the existing system but about reimagining it."
Suehyeon Lee
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