BCG Sees Stablecoin Market Cap Hitting $2 Trillion by 2030

The global stablecoin market capitalization could grow to $2 trillion by 2030, according to a new forecast. The analysis projects that as artificial intelligence (AI), nonbank financial firms and digital assets converge, changes to financial firms' payment, deposit and wealth management business models will be unavoidable.

Boston Consulting Group (BCG) presented the analysis in its recently released "2026 Future of Finance Report," according to financial industry sources Tuesday.

In the report, BCG forecast that the stablecoin market capitalization will reach approximately $2 trillion by 2030, following growth from $26 billion in 2020 to about $300 billion in 2025. The figures were based on cryptocurrency data platform CoinGecko and BCG analysis.

BCG divided the growth path of digital assets, including stablecoins, into three scenarios. In the conservative scenario, real-use transactions account for less than 10%, with stablecoins used mainly for cryptocurrency trading and some decentralized finance (DeFi) and tokenized fund settlements. In the neutral scenario, the share of real-use transactions rises to about 20%, with usage expanding to settlement of tokenized funds such as money market funds, cross-border corporate payments, treasury solutions and tokenized securities settlement.

In the bullish scenario, the share of real-use transactions is expected to exceed 30%. In this case, stablecoins would expand into store-of-value functions and domestic payments, more assets in capital markets would be put on-chain, and collateralized lending using tokenized real-world assets could spread, according to the analysis.

In particular, BCG forecast that digital assets, along with AI and nonbank financial firms, will become a key factor reshaping the competitive landscape of the financial industry. If digital assets spread into payments, settlement and capital market infrastructure, the role of existing financial firms could also broaden from issuance and intermediation to custody, anti-money laundering, risk management and corporate treasury management, the analysis said. "As trends such as AI, digital assets and nonbank financial firms converge, their impact on the competitive landscape, revenue models and operating models will be amplified," BCG said. "They will create greater disruption than when each trend acts independently."

BCG also advised that financial firms should not view the spread of digital assets, including stablecoins, merely as a threat to be defended against. "Financial firms that position themselves at the point where AI, nonbank financial firms and digital assets converge can capture the resulting value," the report said, stressing that firms must build organizational capabilities to respond quickly to scenarios of change.