Citi predicts the stablecoin supply will remain US dollar-denominated, with non-US countries likely using CBDCs instead.
Regulatory changes could be the catalyst to spark significant adoption of stablecoins and blockchain tech in 2025, according to investment banking giant Citigroup.
“2025 has the potential to be blockchain’s ‘ChatGPT’ moment for adoption in the financial and public sector, driven by regulatory change,” a team of Citigroup financial analysts said in an April 23 report.
A combination of growing regulatory support and adoption by financial institutions has set the stage for the stablecoin market cap to fly as high as $3.7 trillion by 2030, or in a base case, $1.6 trillion.
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