AI-Powered Small Businesses Set to Drive Stablecoin Growth

Australia-based crypto exchange Swyftx has released an industry forecast that predicts significant growth in stablecoin transaction volumes by 2033. According to the report, the global gig and freelance payments market will reach $2.1 trillion by 2033, with AI-powered workers accounting for $775 billion of that total.

If approximately 33% of AI-powered workers adopt stablecoins, around $262 billion could be settled in stablecoins, a figure Swyftx believes is substantial enough to drive demand for over-the-counter payment infrastructure and generate as much as $1.3 billion in new revenue by 2033.

The report also highlights the potential of Ethereum Layer 2-based stablecoin transfers to reduce international remittance fees by 80% to 90%, making it a more attractive option for cross-border transactions.