A joint report by Keyrock, a digital asset investment firm, and Bitso, a cryptocurrency trading platform, forecasts a significant rise in the role of stablecoins in global cross-border payments. The report projects that stablecoins will capture approximately 12% of the worldwide cross-border payment market by 2030, equivalent to one out of every eight dollars transferred internationally. This represents a substantial increase from 2024, when stablecoins accounted for only 3% of the $195 billion global remittance market. The report estimates that the volume of stablecoin payments could reach $1 trillion within the next five years.
This anticipated growth depends on overcoming key challenges such as regulatory clarity, improved liquidity, and enhanced interoperability between systems. Supportive regulatory developments are already shaping the landscape. In July, former U.S. President Donald Trump signed the Genius Act, which grants legal recognition to stablecoins in the United States. Additionally, the European Union’s Markets in Crypto-Assets (MiCA) regulation has come into effect, providing a comprehensive framework for stablecoin usage across member states.
This evolving regulatory environment is encouraging financial technology firms, payment providers, and traditional banks to enter the stablecoin space, increasing competition against established players like Tether and Circle. At the same time, stablecoin companies are investing in proprietary blockchain networks to strengthen their position and capture a larger share of settlement revenues.
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