Goldman Sachs predicts that the stablecoin market will usher in trillion-level growth and is expected to achieve a 40% compound annual growth rate in the next few years.

According to a recent Goldman Sachs research report, the stablecoin market is in the early stages of rapid expansion and is expected to become a trillion-dollar industry in the future. Stablecoins are digital tokens backed by the US dollar or US Treasury bonds. Their development is driven by new regulations and the vast potential of the payments market. Goldman Sachs analysis indicates that the global stablecoin market is currently approximately $271 billion and is expected to continue expanding at a compound annual growth rate of 40% over the next few years. USDC could grow by $77 billion by 2027. Visa data shows that the global payments market is approximately $240 trillion, of which consumer payments account for $40 trillion.