BNY Mellon has released a report projecting that the stablecoin market could expand to $3.6 trillion by 2030. Currently valued at $300 billion, the market is anticipated to grow fivefold to $1.5 trillion within the next five years. This growth is expected to be fueled by increased institutional adoption and the expanding role of stablecoins in global finance. Additionally, the report suggests that tokenized deposits and digital money market funds could contribute an extra $2.1 trillion to the stablecoin ecosystem.