Bitwise CIO Projects Stablecoin Supply Could Reach $4 Trillion by 2030 as DoorDash, Meta Launch Payout Tests

According to Bitwise Chief Investment Officer Matt Hougan in a note to clients on Tuesday, large technology platforms testing stablecoin-based payouts could drive the asset class to $4 trillion by 2030, up from around $300 billion today.

DoorDash is partnering with Stripe to test stablecoin payouts for 10 million Dashers across 40+ countries, while Meta is rolling out USDC creator payouts using Solana and Polygon blockchains in the Philippines and Colombia. Hougan highlighted that the main advantage of stablecoins for these use cases is operational simplicity—one wallet address, no banking infrastructure, and no currency conversions for global micropayments. Western Union launched its USDPT stablecoin on Solana on Monday for 24/7 settlement across 200+ countries, and Visa's stablecoin settlement pilot reached a $7 billion annualized run rate after expanding to nine blockchains.