[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-565157-105":53,"doc-detail-565157-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","stablecoins-2030-web3-to-wall-street","Stablecoins 2030 - Web3 to Wall Street","","Stablecoins 2030 explores how stablecoins are accelerating institutional adoption in the “future of money,” positioning stablecoins as a catalyst for blockchain’s rapid mainstream moment. The report revises total issuance forecasts to $1.9 trillion in the base case and $4.0 trillion in the bull case, citing growth in supply, velocity, and broader on-chain market dynamics. It argues stablecoins will co-exist with bank tokens such as tokenized deposits and deposit tokens, shaping a smarter, faster 24x7 finance toolkit.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":11,"@type":70,"position":76},"https://docshare.wps.com/template/presentations/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/stablecoins-2030-web3-to-wall-street/565157/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/stablecoins-2030-web3-to-wall-street/565157.png","ImageObject",442,249,{"name":88,"@type":89},"pixelkiddo","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-25","2026-10-12",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What issuance forecasts does the report update for stablecoins?","Question",{"text":108,"@type":109},"The report revises stablecoin total issuance forecasts to $1.9 trillion in the base case and $4.0 trillion in the bull case. These are updated due to strong market growth and a wide range of project announcements across the U.S. and internationally.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What factors primarily drive stablecoin growth according to the report?",{"text":113,"@type":109},"Stablecoin growth is primarily driven by the crypto-native ecosystem, e-commerce and digitally native companies, and offshore/international demand for holding USD.",{"name":115,"@type":106,"acceptedAnswer":116},"Will stablecoins replace other on-chain money formats, such as bank tokens?",{"text":117,"@type":109},"No. The report argues stablecoins will co-exist with other on-chain money formats, especially bank tokens like tokenized deposits and deposit tokens, which together expand the broader on-chain finance market.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},565157,1792306529,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":79,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},962090883892,"https://ap-avatar.wpscdn.com/avatar/e00115db34f3e0f11b?x-image-process=image/resize,m_fixed,w_180,h_180&k=1790152879550218658","September 2025  \nStablecoins 2030  \nWeb3 to Wall Street  \nGlobal Perspectives & Solutions  \nContributors  \nMatthew Blumenfeld  \nPwC  \nMaya Caddle  \nSolana Foundation  \nRon Chakravarti  \nCiti  \nBiswarup Chatterjee  \nCiti  \nHaiping Choo  \nCiti  \nRicardo Correia  \nBain & Company  \nBiser Dimitrov  \nCiti  \nDante Disparte  \nCircle  \nNick Ducoff  \nSolana Foundation  \nAlexander Feenie  \nChavanette Advisors  \nCatherine Gu  \nVisa  \nShahmir Khaliq  \nCiti  \nArtem Korenyuk  \nCiti  \nGordon Liao  \nCircle  \nMichelle Ma  \nCiti  \nAsh Morgan  \nEthereum Foundation  \nSergey Nazarov  \nChainlink Labs  \nCaroline Pham  \nCFTC  \nMing Ruan  \nAnimoca Brands  \nNicole Sandler  \nUbyx/CFIT  \nPhil Sham  \nAquanow  \nSimon Taylor  \nTempo  \nAjit Tripathi  \nAvail  \nMo Ali Yusuf  \nFuze  \nDavid Walsh  \nEthereum Foundation  \n| The movement towards using blockchain technology for instantaneous settlement and real-time confirmation is a natural progression towards a 24x7, always-on world and something we have already been investing in. We are focused on integrating and commercializing it with our other client offerings and are excited about the future benefits we will be able to unlock.\u003Cbr>|  |\n| --- | --- |\n| Shahmir Khaliq, Global Head of Services, Citi | |\n\nRonit Ghose  \nGlobal Head, Future of Finance, Citi Institute  \nRyan Rugg  \nGlobal Head of Digital Assets, Citi Services  \nForeword  \nBack in April (Citi GPS: Digital Dollars), we argued that 2025 would be blockchain’s ChatGPT moment, with stablecoins igniting the shift. Just six months later, that transformation is unfolding at remarkable pace.  \nCryptocurrency company listings, record fundraising and breakthroughs in technology all suggest that institutional adoption is accelerating.  \nThis summer has brought a raft of announcements, especially by digitally native companies, to bring stablecoins to commerce and real-world activities. In addition, existing crypto-driven stablecoin activity has continued to grow. Issuance volumes are up from approximately $200 billion atthe start of 2025 to about $280 billion.  \nWe are revising our stablecoin total issuance forecasts in this report to: $1.9 trillion base case (previously $1.6 trillion) and $4.0 trillion bull case ($3 .7 trillion), due to the strong growth of the market in the past six months and the wide range of project announcements, in the U.S. and internationally.  \nThe evolution of digital assets–stablecoins, tokenized deposits, deposit tokens– feels in some ways like the early days of the dotcom boom. Skeptics once again proclaim that banks will be disintermediated. But we don’t believe crypto will burn down the existing system. Rather it is helping us reimagine it.  \nWe are excited by the opportunities presented by stablecoins, but they are not the answer to everything. Domestic consumer payments in many countries work well: they are already real-time, 24x7 and low-cost. Cross-border payments are a different matter, but fintechs and big banks have made rapid progress here too.  \nStablecoins may be a vital addition to the finance toolkit, especially for digitally native companies and investors, as well as frontier market households looking for an easy way hold dollars. But for many, bank tokens – deposit tokens, tokenized deposits and similar – will be an easier integration.  \nWe believe that the turnover of bank tokens could exceed stablecoins by 2030, even with a small shift of current traditional rails on chain. It is not a digital format war that we foresee. But a continued progress towards smarter, faster finance.  \nContents  \nSummary and Key Takeaways 8  \nMapping the Future of Money 10  \nWhy Now? ................................................. 11  \nNo One Size Fits All .........................................12  \nSurge in Stablecoin Supply..................................15  \nSizing the Stablecoin Market ............................... 20  \nMeasuring Stablecoin Velocity ............................. 24  \nMeasuring Potential for Bank Tokens .........","cbCaifNXXQzQwPbt","https://ap.wps.com/l/cbCaifNXXQzQwPbt","pdf",2772367,54,"English","# Summary and Key Takeaways\n# Mapping the Future of Money\n## Why Now?\n## No One Size Fits All\n## Surge in Stablecoin Supply\n## Sizing the Stablecoin Market\n## Measuring Stablecoin Velocity\n## Measuring Potential for Bank Tokens\n## Why Do We Need On-Chain Money?\n# Implications\n## Corporate Implications – Real-Time Everything\n## Corporates as Stablecoin Issuers?\n## The Rush to Build New Layer-1s\n## Stablecoin Ecosystem & Fragmentation Ahead\n## Banking in the Age of Stablecoins\n## Threat of Deposit Disintermediation\n## Narrow Banking 2.0\n## Stablecoins Could Extend Dollar Dominance\n## Beyond the U.S.– Global Push for Stablecoins\n## Challenges to Overcome for Wider Adoption\n## Addressing Privacy & Anonymity\n# Appendix","[{\"question\":\"What issuance forecasts does the report update for stablecoins?\",\"answer\":\"The report revises stablecoin total issuance forecasts to $1.9 trillion in the base case and $4.0 trillion in the bull case. These are updated due to strong market growth and a wide range of project announcements across the U.S. and internationally.\"},{\"question\":\"What factors primarily drive stablecoin growth according to the report?\",\"answer\":\"Stablecoin growth is primarily driven by the crypto-native ecosystem, e-commerce and digitally native companies, and offshore/international demand for holding USD.\"},{\"question\":\"Will stablecoins replace other on-chain money formats, such as bank tokens?\",\"answer\":\"No. The report argues stablecoins will co-exist with other on-chain money formats, especially bank tokens like tokenized deposits and deposit tokens, which together expand the broader on-chain finance market.\"}]","Stablecoins 2030 - Web3 to Wall Street | PDF",1791847294,19]