Stablecoin Market Could Grow Tenfold to $3T by 2030
US Treasury Secretary Janet Yellen warned that the stablecoin market, currently around $300 billion, could expand tenfold to $3 trillion by 2030 as digital assets gain wider adoption. Cleveland Fed President Loretta Mester added that independent estimates suggest stablecoins might account for 30%–60% of savings balances, based on parallels to deposit growth from 2000 to 2010. Yellen highlighted that continued innovation and regulatory clarity will be key to this growth trajectory. Traders should watch how evolving policy frameworks and Fed oversight shape stablecoin issuance and liquidity dynamics, as this market expansion could impact crypto trading strategies and token demand.
Bullish
Yellen’s optimistic forecast underscores a potential surge in stablecoin supply and on-chain liquidity, which historically correlates with increased crypto market activity. As stablecoins become more integrated into DeFi and payment systems, traders may see enhanced arbitrage and yield opportunities. Mester’s reference to past deposit growth frames stablecoins as a growing funding source that could alter capital flows. While rapid expansion could trigger tighter regulations, the immediate effect should be bullish for stablecoin prices and trading volumes, supporting broader crypto market stability. In the long term, regulatory clarity and consumer trust will determine whether growth sustains or plateaus.