Morph Predicts $1.9 Trillion Stablecoin Market Cap By 2030

The stablecoin market is undergoing rapid growth, with the total market cap reaching $320 billion between 2020 and 2026. According to a report by Morph, an Ethereum layer-2 payment network, the stablecoin sector has evolved from a niche speculative tool into a major part of global payment rails. The report highlights key sector findings, including annual transaction volume growth and future predictions.

Morph's State of Stablecoins report reveals that the stablecoin market cap has grown 60-fold since 2020. The figure now facilitates at least $33 trillion in annual transaction volume, surpassing the combined volumes of Visa and Mastercard. This data debunks the misconception that stablecoins are primarily for crypto traders.

Business-to-business (B2B) stablecoin payments have risen from less than $100 million monthly in early 2023 to over $6 billion by mid-2025. B2B flows now account for roughly 60% of identifiable real-economy stablecoin volume. Additionally, 41% of institutional users say they have saved at least 10% by using stablecoins for payments.

Morph predicts that the emerging market economy will adopt private stablecoins as legal tender alongside national currencies for the first time in 2028. The company has launched a $150 million payment accelerator program to support companies in scaling high-volume payment applications, backed by the crypto exchange Bitget.