Bitwise CIO: Stablecoin market could reach $4T by 2030

Bitwise Chief Investment Officer (CIO) Matt Hougan predicts that payment experiments by major tech companies could help the stablecoin market grow from its current size of around $300 billion to $4 trillion by 2030, The Block reported. He noted that U.S. delivery app DoorDash is currently working with Stripe to test a stablecoin payment system for its delivery personnel across more than 40 countries. Hougan also pointed to Meta, which is running a stablecoin payment program for creators in the Philippines and Colombia using the Solana (SOL) and Polygon (POL) blockchains. He stated that while the current pilot programs are small, they have strengthened his conviction that stablecoins can grow into a multi-trillion dollar market in the long term.