Product Code: PM5442
The global stablecoins & CBDCs market size is expected to reach USD 425.28 billion by 2034, according to a new study by Polaris Market Research. The report "Stablecoins & CBDCs Market Size, Share, Trends, Industry Analysis Report: By Type (Stablecoins and CBDCs), Technology, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Stablecoins & CBDCs are digital currencies that aim to maintain a stable value, usually pegged to a fiat currency such as the USD (in the case of stablecoins) or issued directly by central banks (as CBDCs).
The growing demand for secure, efficient, and decentralized payment methods is driving the stablecoins & CBDCs market expansion. Both stablecoins and CBDCs are viewed as potential solutions to enhance financial systems, improve cross-border payments, and integrate digital currencies into global economies. Central banks, particularly in advanced economies, are keenly exploring CBDCs to modernize monetary systems and maintain control over digital currencies, while private entities continue to innovate stablecoins for diverse applications such as DeFi and remittances.
The stablecoins & CBDCs market growth is attributed to the rising need for faster and cheaper transactions, rising cryptocurrency adoption, and the desire for financial inclusion. The increasing acceptance of digital currencies by financial institutions and governments is also contributing to the market growth. Furthermore, regulatory clarity surrounding cryptocurrencies is opening doors for broader adoption and institutional involvements. Market trends indicate a rapid evolution, as blockchain technology underpins stablecoins and CBDCs, ensuring transparency and security. The rise of decentralized finance (DeFi) applications has also spurred demand for stablecoins, while CBDCs are increasingly seen as instruments for digitizing national currencies.
The market presents numerous opportunities, especially in sectors such as cross-border payments, remittances, and financial services. Innovation in blockchain interoperability, security features, and regulatory frameworks will play pivotal roles in shaping the market dynamics.
Stablecoins & CBDCs Market Report Highlights
In terms of type, the stablecoins segment accounted for a larger stablecoins & CBDCs market share due to their extensive adoption in digital payments, decentralized finance (DeFi), and cross-border transactions.
Based on application, the payments and settlements segment accounted for the largest market share in 2024 due to the increasing demand for instant, cost-effective transactions.
In 2024, North America dominated the stablecoins & CBDCs market revenue share due to the early adoption of blockchain-based financial solutions, regulatory advancements, and strong institutional participation.
The Asia Pacific market is expected to witness the highest CAGR over the forecast period due to proactive government initiatives, rapid fintech adoption, and high digital payment penetration.
Accenture, Bitt, Consensys, eCurrency, EMTECH, Giesecke + Devrient, IDEMIA, Mastercard, R3, Ripple, Soramitsu, and Stellar are among the global key market players.
Polaris Market Research has segmented the stablecoins & CBDCs market report based on type, technology, application, and region:
By Type Outlook (Revenue - USD Billion, 2020-2034)
By Technology Outlook (Revenue - USD Billion, 2020-2034)
- Blockchain
- Consensus Mechanisms
- Interoperability & Cross-Chain Solutions
By Application Outlook (Revenue - USD Billion, 2020-2034)
- Payments and Settlements
- Remittances
- Decentralized Finance (DeFi)
- Forex
- Others
By Regional Outlook (Revenue - USD Billion, 2020-2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Stablecoins & CBDCs Market Insights
- 4.1. Stablecoins & CBDCs Market - Market Snapshot
- 4.2. Stablecoins & CBDCs Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Technological Advancements
- 4.2.1.2. Regulatory Support
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Security Concern
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Stablecoins & CBDCs Market Trends
- 4.6. Value Chain Analysis
5. Global Stablecoins & CBDCs Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 5.3. Stablecoins
- 5.3.1. Global Stablecoins & CBDCs Market, by Stablecoins, by Region, 2020-2034 (USD Billion)
- 5.4. CBDCs
- 5.4.1. Global Stablecoins & CBDCs Market, by CBDCs, by Region, 2020-2034 (USD Billion)
6. Global Stablecoins & CBDCs Market, by Technology
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 6.3. Blockchain
- 6.3.1. Global Stablecoins & CBDCs Market, by Blockchain, by Region, 2020-2034 (USD Billion)
- 6.4. Consensus Mechanisms
- 6.4.1. Global Stablecoins & CBDCs Market, by Consensus Mechanisms, by Region, 2020-2034 (USD Billion)
- 6.5. Interoperability & Cross-Chain Solutions
- 6.5.1. Global Stablecoins & CBDCs Market, by Interoperability & Cross-Chain Solutions, by Region, 2020-2034 (USD Billion)
7. Global Stablecoins & CBDCs Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 7.3. Payments and Settlements
- 7.3.1. Global Stablecoins & CBDCs Market, by Payments and Settlements, by Region, 2020-2034 (USD Billion)
- 7.4. Remittances
- 7.4.1. Global Stablecoins & CBDCs Market, by Remittances, by Region, 2020-2034 (USD Billion)
- 7.5. Decentralized Finance (DeFi)
- 7.5.1. Global Stablecoins & CBDCs Market, by Decentralized Finance (DeFi), by Region, 2020-2034 (USD Billion)
- 7.6. Forex
- 7.6.1. Global Stablecoins & CBDCs Market, by Forex, by Region, 2020-2034 (USD Billion)
- 7.7. Others
- 7.7.1. Global Stablecoins & CBDCs Market, by Others, by Region, 2020-2034 (USD Billion)
8. Global Stablecoins & CBDCs Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Stablecoins & CBDCs Market Assessment, By Geography, 2020-2034 (USD Billion)
- 8.3. Stablecoins & CBDCs Market - North America
- 8.3.1. North America: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.3.3. North America: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.3.4. Stablecoins & CBDCs Market - US
- 8.3.4.1. US: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.3.4.2. US: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.3.4.3. US: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.3.5. Stablecoins & CBDCs Market - Canada
- 8.3.5.1. Canada: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.3.5.2. Canada: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.3.5.3. Canada: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4. Stablecoins & CBDCs Market - Europe
- 8.4.1. Europe: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.3. Europe: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.4. Stablecoins & CBDCs Market - UK
- 8.4.4.1. UK: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.4.2. UK: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.4.3. UK: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.5. Stablecoins & CBDCs Market - France
- 8.4.5.1. France: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.5.2. France: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.5.3. France: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.6. Stablecoins & CBDCs Market - Germany
- 8.4.6.1. Germany: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.6.2. Germany: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.6.3. Germany: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.7. Stablecoins & CBDCs Market - Italy
- 8.4.7.1. Italy: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.7.2. Italy: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.7.3. Italy: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.8. Stablecoins & CBDCs Market - Spain
- 8.4.8.1. Spain: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.8.2. Spain: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.8.3. Spain: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.9. Stablecoins & CBDCs Market - Netherlands
- 8.4.9.1. Netherlands: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.9.2. Netherlands: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.9.3. Netherlands: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.10. Stablecoins & CBDCs Market - Russia
- 8.4.10.1. Russia: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.10.2. Russia: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.10.3. Russia: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.4.11. Stablecoins & CBDCs Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.4.11.2. Rest of Europe: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.4.11.3. Rest of Europe: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5. Stablecoins & CBDCs Market - Asia Pacific
- 8.5.1. Asia Pacific: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.4. Stablecoins & CBDCs Market - China
- 8.5.4.1. China: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.4.2. China: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.4.3. China: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.5. Stablecoins & CBDCs Market - India
- 8.5.5.1. India: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.5.2. India: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.5.3. India: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.6. Stablecoins & CBDCs Market - Malaysia
- 8.5.6.1. Malaysia: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.6.2. Malaysia: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.6.3. Malaysia: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.7. Stablecoins & CBDCs Market - Japan
- 8.5.7.1. Japan: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.7.2. Japan: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.7.3. Japan: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.8. Stablecoins & CBDCs Market - Indonesia
- 8.5.8.1. Indonesia: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.8.2. Indonesia: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.8.3. Indonesia: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.9. Stablecoins & CBDCs Market - South Korea
- 8.5.9.1. South Korea: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.9.2. South Korea: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.9.3. South Korea: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.10. Stablecoins & CBDCs Market - Australia
- 8.5.10.1. Australia: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.10.2. Australia: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.10.3. Australia: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.5.11. Stablecoins & CBDCs Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.5.11.2. Rest of Asia Pacific: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.5.11.3. Rest of Asia Pacific: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.6. Stablecoins & CBDCs Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.6.4. Stablecoins & CBDCs Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.6.4.2. Saudi Arabia: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.6.4.3. Saudi Arabia: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.6.5. Stablecoins & CBDCs Market - UAE
- 8.6.5.1. UAE: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.6.5.2. UAE: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.6.5.3. UAE: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.6.6. Stablecoins & CBDCs Market - Israel
- 8.6.6.1. Israel: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.6.6.2. Israel: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.6.6.3. Israel: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.6.7. Stablecoins & CBDCs Market - South Africa
- 8.6.7.1. South Africa: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.6.7.2. South Africa: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.6.7.3. South Africa: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.6.8. Stablecoins & CBDCs Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.6.8.2. Rest of Middle East & Africa: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.6.8.3. Rest of Middle East & Africa: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.7. Stablecoins & CBDCs Market - Latin America
- 8.7.1. Latin America: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.7.4. Stablecoins & CBDCs Market - Mexico
- 8.7.4.1. Mexico: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.7.4.2. Mexico: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.7.4.3. Mexico: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.7.5. Stablecoins & CBDCs Market - Brazil
- 8.7.5.1. Brazil: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.7.5.2. Brazil: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.7.5.3. Brazil: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.7.6. Stablecoins & CBDCs Market - Argentina
- 8.7.6.1. Argentina: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.7.6.2. Argentina: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.7.6.3. Argentina: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
- 8.7.7. Stablecoins & CBDCs Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Stablecoins & CBDCs Market, by Type, 2020-2034 (USD Billion)
- 8.7.7.2. Rest of Latin America: Stablecoins & CBDCs Market, by Technology, 2020-2034 (USD Billion)
- 8.7.7.3. Rest of Latin America: Stablecoins & CBDCs Market, by Application, 2020-2034 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Accenture
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Bitt
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Consensys
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. eCurrency
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. EMTECH
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Giesecke + Devrient
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. IDEMIA
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Mastercard
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. R3
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Ripple
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Soramitsu
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Stellar
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development