Citi: The total market value of stablecoins is expected to surge to more than $2 trillion by 2030

According to The Block, on April 25th, Citigroup, a banking giant, stated in a new report released on Thursday that as stablecoins become more prevalent, the bank predicts the total market value of stablecoins could grow 10-fold by 2030, surging from the current nearly $240 billion to over $20 trillion. Citigroup noted in the report: "In our baseline forecast, the total circulation of stablecoins may reach $1.6 trillion by 2030, and in an optimistic scenario, could reach $3.7 trillion." The report emphasized that financial and public sector adoption driven by regulatory changes "could trigger a historic transformation of the cryptocurrency market." However, Citigroup also hedged its prediction, stating that if "adoption and integration challenges persist," the stablecoin market size might only reach $500 billion.