Citi sees stablecoins reaching $3.7T by 2030

According to Citi Institute’s Blockchain & Digital Dollar report, the stablecoin market could grow to between $0.5 and $3.7 trillion by 2030, with around 90% denominated in U.S. dollars. Stablecoin issuers are expected to become major holders of U.S. Treasuries. The report also highlights rising public sector interest in blockchain for enhancing transparency in areas like government spending, subsidies and record management, Wu Blockchain reported.