Bitwise CIO: Big Tech stablecoin pilots could drive supply to $4T

Bitwise CIO Matt Hougan said stablecoin payout pilots from major tech companies — including DoorDash and Meta — could help drive stablecoin supply from roughly $300 billion today to $4 trillion by 2030.

DoorDash is working with Stripe to test stablecoin payouts for 10 million Dashers across more than 40 countries. Meta is running similar programs for creators in the Philippines and Colombia, built on Solana and Polygon. Hougan framed the thesis around simplifying global micropayments rather than cost savings — the win is collapsing cross-border payout friction, not undercutting ACH or card rails on price.

Why it matters

The $4T figure is roughly a 13x expansion off the current base, and the driver is structural rather than speculative: Big Tech turning stablecoins into default payout infrastructure for gig workers and creators. That reorients the market from a trading-pair primitive toward a payments primitive, with different wallet and compliance requirements and a much larger addressable user base.

Market impact

The on-chain rails being tested — Solana and Polygon — would be the direct beneficiaries if the pilots scale, alongside Stripe's payment stack. Stablecoin issuers also stand to gain on float and distribution. Watch the DoorDash rollout's conversion of Dashers from test to active use, and whether Meta's creator programs expand beyond the two pilot countries, as the read-throughs to supply growth.