Swyftx projects that AI microbusinesses could drive $262 billion in stablecoin transaction volume by 2033, as gig and freelance markets expand. This growth is expected due to the cost-effectiveness of
Australian crypto exchange Swyftx recently released a report projecting that AI microbusinesses could significantly increase global stablecoin transaction volumes by 2033, reaching an estimated $262 billion. This projection is based on the growth of gig and freelance markets, which are projected to reach $2.1 trillion during the same period.
According to Swyftx’s analysis, AI-native workers will account for a substantial portion ($775 billion) of this market by 2033. Lead Market Analyst Pav Hundal stated that 'the vibe-coding and AI economy is a significant potential tailwind for stablecoin use,' emphasizing the importance of both compelling economics and clear regulatory frameworks.
The rise of microbusinesses, particularly those with fewer than five employees, has been driven by increased adoption of AI technologies. These small-scale businesses often operate across borders, making frequent transactions that traditional banking systems are not well-suited to handle efficiently or cost-effectively.
Stablecoins have become increasingly popular due to their ability to facilitate faster and cheaper cross-border payments compared to traditional methods. For example, using Ethereum layer-2 networks can reduce fees by up to 90%, saving freelancers significant amounts annually in transfer costs.
The growth of AI microbusinesses is not only beneficial for stablecoins but also presents a new revenue opportunity for platforms involved in over-the-counter liquidity, custody, and yield services. Swyftx estimates that these institutions could capture an additional $1.3 billion by 2033 if their projections hold true.
Traditional payment methods often charge high fees and have long settlement windows, making them less attractive for small-scale businesses operating internationally. In contrast, stablecoins offer a more efficient alternative, reducing the transaction costs associated with cross-border payments significantly.
Given these factors, Swyftx’s predictions highlight the potential of AI microbusinesses to drive substantial growth in stablecoin usage over the next decade. As more gig workers and freelancers adopt these technologies, it is likely that their demand for cost-effective payment solutions will continue to rise.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.