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‘Stablecoins are going to grow dramatically’: cryptocurrency expert
A global investment bank expects stablecoins to explode dramatically reaching $1.9 trillion in issuance by 2030, up from a previous estimate of $1.6 trillion amid regulatory changes. Citi Institute projects rapid growth in stablecoins, driven by digitally native companies and global American dollar demand. In a bullish case, Citi anticipates issuance of $4 trillion while a bear case sees the asset hovering around $1 trillion. “We argue in our report that stablecoins are going to grow dramatically over the next five years, driven by the continued growth in the crypto ecosystem, but also existing corporate clients, ... (full story)