Bitwise CIO: Tech Platforms Piloting Stablecoin Payments Could Push Stablecoin Market Value to $4 Trillion

CoinFeed reported on May 6th that, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that large tech platforms piloting stablecoin payments to creators and gig workers globally could push the total market capitalization of stablecoins to approximately $4 trillion by 2030, up from the current approximately $302 billion. DoorDash is partnering with Stripe to test stablecoin settlements for approximately 10 million Dashers across more than 40 countries; Meta is offering stablecoin payments to creators in the Philippines and Colombia using Solana and Polygon. Hougan stated that the key advantage of these pilots is simplifying the global micro-payment process, requiring only a wallet address and eliminating the need for local banking infrastructure and currency exchange, potentially bringing millions of new users into the crypto ecosystem.