Citi: The Hong Kong stablecoin market size could reach $16 billion and has room to grow

CycleProphet

2026-03-17 06:56:31

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Deep Tide TechFlow News, March 17th, according to Hong Kong media report, Citibank’s analysis report pointed out that by referencing the experience of mainland payment institutions, the user balances in mainland payment institutions are equivalent to about 20% of China’s circulating cash, about 2.5% of demand and savings deposits, and about 0.8% of all deposits. It is estimated that the Hong Kong stablecoin market size could reach 16 billion USD (approximately 124.8 billion HKD), with fluctuations of plus or minus 8 billion USD. If the total money supply continues to grow, combined with increased demand from overseas users for Hong Kong stablecoins or a surge in on-chain activity, this scale could further expand, benefiting issuers, trading platforms, and payment companies.

Earlier reports suggest that the Hong Kong Monetary Authority may announce the first batch of stablecoin issuer licenses this month.

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