Blockchain can go to “ChatGPT” in adoption: Citigroup
Organizational changes can be a catalyst for a great dependence on Stablecoins and Blockchain Tech in 2025, according to the giant Citigroup for investment.
“2025 has the ability to be the” Chatgpt “moment of Blockchain for adoption in the financial and public sector, driven by organizational change”, a team of financial Citigroup analysts He said In April 23 report.
A mixture of growing organizational support and its approval by financial institutions has spanned the road to the Stablecoin market to develop up to $ 3.7 trillion by 2030, or in a basic state, $ 1.6 trillion.
“The main catalyst for the greatest time may be the organizational clarity in the United States, which may enable more integration than Stablecoins specifically, and Blockchain on a broader scale, in the current financial system,” City said in its report.
“The back winds of organizational support and increase the integration of digital assets in current financial institutions put the scene to increase the use of Stablecoins.”
Following the administration of US President Donald Trump, the friend of the friend to encrypted power earlier this year, legislators weighing Stablecoin, such as the Genius Act, which seeks to regulate the American Stablecoins, and ensure their legal use of payments.
The American regulatory framework for Stablecoin also supports the demand for risk -free assets inside and outside the United States, according to the report.
“Stablecoin exporters will have to buy US Treasury bonds, or similar low -risk assets, against all stablecoin as a measure of safe basic guarantees,” said City.
“Stablecoin exporters can keep more US Treasury bonds by 2030 more than one judicial state today.”
We will continue to control Stablecoins
In the future, Citi expects that Stablecoin supplies will remain in the US dollar, as non -American countries promote the national currency or the digital currency of the Central Bank.
In April, the roof of the Stablecoin market has crossed $ 230 billion, an increase of 54 % since last year, with Tether (USDT) and USDC (USDC) that dominates 90 % of the market.
“While the domination of the dollar may develop over time, as the euro or other currencies are promoted by national regulations, many policy makers from the United States can consider as a tool for the domination of the dollar,” City said. “Political geography is still tourist. If the world continues to drift into a multi -polar system, it is possible that policymakers in China and Europe are keen to strengthen the digital banks of the Central Bank (CBDCS) or Stablecoins in their own currency.” Related to: Russia’s Ministry of Finance official floats the country that creates private Stablecoins: Report However, there are still some challenges against the market. The maximum Stablecoin market can settle about $ 500 billion if “adoption and integration challenges” continues. DEPEGGING was also marked as a potential problem, with 1900 cases in 2023, according to CITI, including the main Depeg in USDC after the collapse of Silicon Valley Bank. The company said: “The main discrimination event is likely to reduce liquidity in the encryption market, and leads to showing mechanical references, obstructing the ability of trading platforms to fulfill redemptions, and may have wider effects on the financial system.” magazine: Fatee “Chinese mint” encryption fraud, Japan diving in Stablecoins: Asia Express