That’s a conservative estimate as well. In the best-case scenario, Citi’s report suggests that stablecoins could grow to $4T by the end of the decade.
Unlike other cryptocurrency assets, stablecoins maintain a fixed value, making them ideal for new users who want to trade cryptocurrency in the same way as fiat currency.
Of course, entering the crypto world can be complicated, but an easy-to-use crypto wallet like Best Wallet can simplify much of the process while keeping your assets secure. The Best Wallet Token ($BEST) is also introducing some exciting new features for Best Wallet.
Why is the Stablecoin Market Expected to Grow to $1.9 Trillion by 2030?
Regulatory clarity is a major factor driving expansion in the stablecoin market. The US has taken the lead in global stablecoin adoption by shifting from its previously crypto‑unfriendly stance, signaling to the world that the future of the dollar depends on the success of stablecoins.
Citi’s report called the GENIUS Act a ‘gamechanger’. Stablecoin providers in the US are now required to back their issued tokens one‑for‑one with equivalent cash assets, which has built the confidence necessary for investors to diversify into stablecoin assets and earn dollar‑backed crypto yields.
Citi has also noted that stablecoins are not in direct competition with other crypto assets. Instead, its assessment is that each class of crypto assets has unique benefits, meaning a healthy crypto ecosystem won’t result in a single winner but several different best‑in‑class assets working alongside each other.
As a result, successes in the rest of the crypto market also strengthen the value of stablecoins overall. It’s the ideal situation for the Web3 world – a place where multiple crypto coins can flourish.
Best Wallet – Trade Altcoins With a Mobile‑First Wallet
Best Wallet is a mobile‑first crypto wallet that’s designed to make crypto as easy to trade with as your existing bank apps, instead of requiring you to learn all of the technical details behind blockchains and digital wallets.
Keeping track of one digital asset isn’t that difficult, but as soon as you start to diversify your holdings across different blockchains, it can become a headache to keep track of all your different digital wallets, especially if you need to record your transactions for compliance purposes.
Best Wallet keeps it easy with support for six major blockchains in one mobile app:
- •Bitcoin
- •Solana
- •Ethereum
- •Base
- •BNB Chain
- •Polygon
That’s only the start – Best Wallet is building support for up to 60 different blockchains. All of your portfolios can be managed from inside Best Wallet with a single unified interface.
It has the added benefit of letting you upload an encrypted backup of your wallet to the cloud, giving you peace of mind knowing you’re the only one who can unlock it. Even if your phone is stolen, you can instantly download your entire portfolio to Best Wallet on a new device and keep trading.
Best Wallet Token ($BEST) – Providing Utility and Value to Best Wallet
Holding the $BEST token makes Best Wallet even better. You’ll get exclusive early access to new crypto projects in the presale marketplace before they go live elsewhere, as well as better returns on the upcoming Best Wallet staking aggregator.
It’ll also reduce the transaction fees you pay when trading crypto, making $BEST a great way to maximize the value of Best Wallet. Additionally, you’ll gain access to the Best Wallet DAO if you want to vote on support for new blockchains or additional features in the app.
You can currently buy $BEST in the presale for $0.025735, but don’t wait – the presale has already raised over $16 in token sales, so your chance to get $BEST cheaply is slipping away.