Stablecoins to Hit $56T Valuation by 2030

Core Insights - Stablecoin payment flows are projected to reach $56.6 trillion by 2030, indicating a significant growth trajectory in global finance [1] - Total stablecoin transaction value surged to $33 trillion in 2025, marking a 72% year-on-year increase [2] - The growth of stablecoins is driven by real-world usage, particularly in cross-border payments and business settlements, rather than speculative trading [2] Transaction Volume - Circle's USDC led the stablecoin market with a transaction flow of $18.3 trillion in 2025, while Tether's USDT processed $13.3 trillion, together accounting for over 95% of all stablecoin volume [3] - Despite USDC's transaction volume leadership, USDT maintains a dominant market cap of $186.9 billion, more than double USDC's $74.9 billion [3] Market Dynamics - USDT is preferred for day-to-day payments and business transactions, while USDC is favored in decentralized finance platforms [4] - The demand for US dollar exposure in emerging markets, along with inflation and geopolitical instability, is driving stablecoin growth [4] Institutional Involvement - Traditional financial institutions are increasingly engaging with stablecoin technology, as evidenced by Barclays' equity stake in Ubyx, a fintech focused on stablecoin clearing infrastructure [5] - Wyoming has launched the Frontier Stable Token (FRNT), the first fiat-backed stablecoin issued by a US state, aimed at funding public services and lowering transaction costs [6] - JPMorgan plans to integrate its bank-issued deposit token, JPM Coin, into the Canton Network, a public blockchain for tokenizing financial instruments [7]