{"id":23679,"date":"2025-04-25T02:32:26","date_gmt":"2025-04-25T02:32:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23679"},"modified":"2025-04-25T02:32:26","modified_gmt":"2025-04-25T02:32:26","slug":"blockchain-could-be-headed-for-chatgpt-moment-in-adoption-citigroup","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23679","title":{"rendered":"Blockchain could be headed for \u2018ChatGPT moment\u2019 in adoption: Citigroup"},"content":{"rendered":"
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\"Blockchain<\/p>\n

Regulatory changes could be the catalyst to spark significant adoption of stablecoins and blockchain tech in 2025, according to investment banking giant Citigroup.<\/p>\n

\u201c2025 has the potential to be blockchain\u2019s \u2018ChatGPT\u2019 moment for adoption in the financial and public sector, driven by regulatory change,\u201d a team of Citigroup financial analysts said<\/a> in an April 23 report.\u00a0<\/p>\n

A combination of growing regulatory support and adoption by financial institutions has set the stage for the stablecoin market cap<\/a> to fly as high as $3.7 trillion by 2030, or in a base case, $1.6 trillion.<\/p>\n

\u201cThe main catalyst for their greater acceptance may be regulatory clarity in the US, which could enable greater integration of stablecoins specifically, and blockchain more widely, into the existing financial system,\u201d Citi said in its report.\u00a0<\/p>\n

\u201cThe tailwinds of regulatory support and the increased integration of digital assets into incumbent financial institutions are setting the scene for increased usage of stablecoins.\u201d<\/p><\/blockquote>\n

On the heels of US President Donald Trump\u2019s crypto-friendly administration assuming power<\/a> earlier this year, lawmakers are weighing stablecoin legislation, such as the GENIUS Act<\/a>, which seeks to regulate US stablecoins, ensuring their legal use for payments.\u00a0<\/p>\n

A US regulatory framework for stablecoin would also support demand for dollar risk-free assets inside and outside the US, according to the report.\u00a0<\/p>\n

\u201cThe stablecoin issuers will have to buy US Treasuries, or comparable low risk assets, against each stablecoin as a measure of having safe underlying collateral,\u201d Citi said.\u00a0<\/p>\n

\u201cStablecoin issuers could hold more US Treasuries by 2030 than any single jurisdiction today.\u201d\u00a0<\/p>\n

\"Blockchain
Stablecoin issuers could have significant holdings of US Treasuries by 2030. Source: <\/em>Citigroup\u00a0<\/em><\/a>
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US will continue to dominate stablecoins\u00a0<\/h2>\n

In the future, Citi predicts the stablecoin supply will remain US dollar-denominated, with non-US countries promoting national currency or a central bank digital currency<\/a>.<\/p>\n

In April, the stablecoin market cap had crossed $230 billion, an increase of 54% since last year<\/a>, with Tether (USDT<\/a>) and USDC (USDC<\/a>) dominating 90% of the market.\u00a0<\/p>\n