Citi projects stablecoin market cap hitting $4 trillion by 2030

Citi revises stablecoin forecast, projects market cap to hit $4 trillion by 2030. Stablecoin market currently valued at over $280 billion, with settlement exceeding $18 trillion per year. Stablecoin sector growth attributed to passage of GENIUS Act in US, prompting other countries to explore launching their own stablecoins.

Chinese government considers yuan-backed stablecoins for international use, with AnchorX debuting first offshore-yuan stablecoin in September.