According to CoinDesk, Citigroup's latest report points out that with the growing use of stablecoins in the crypto market and traditional financial sector, the demand for U.S. short-term Treasury bonds has also risen. The report emphasizes that the dominance of dollar-backed stablecoins (such as USDT) in crypto transactions and blockchain payments reflects the status of the U.S. dollar as a global reserve currency.
Legislation under consideration in Congress could further underpin this trend, requiring reserves to hold short-term government debt. At the same time, traditional financial giants such as PayPal and Visa are also beginning to explore stablecoins. Citi forecasts that the stablecoin market could reach $1.6 to $3.70 trillion by 2030.
Citi: Stablecoin growth drives up demand for U.S. short-term Treasury bonds, reflecting the dominance of the dollar
2025-05-30 14:26:13
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