Citibank: Growth of Stablecoins Drives Demand for U.S. Short-term Treasury Bonds, Reflecting Dollar Dominance
According to a report by CoinDesk, Citigroup's latest report indicates that as the use of stablecoins in the crypto market and traditional financial sectors continues to grow, the demand for U.S. short-term Treasury bonds is also increasing. The report emphasizes that the dominance of dollar-backed stablecoins (such as USDT) in crypto trading and blockchain payments reflects the status of the dollar as a global reserve currency. Related legislation being considered by Congress may further solidify this trend by requiring reserves to hold short-term government debt. Meanwhile, traditional financial giants like PayPal and Visa are also beginning to explore stablecoin application scenarios. Citigroup predicts that by 2030, the stablecoin market size could reach $1.6 to $3.7 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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