Citi predicts growth scenario for stablecoin market to reach up to 500 trillion yen by 2030

The research division of financial giant Citigroup released a report titled "Blockchain and the Digital Dollar" on the 23rd. It predicts that the stablecoin market will reach between $0.5 trillion and $3.7 trillion by 2030.

The main factors that will lead to the expansion of the stablecoin market are listed as follows:

Part of the dollar holdings in the United States and overseas will be replaced from paper money to stablecoins.

Part of the short-term liquidity of US dollars held by households and companies in the United States and overseas will be allocated to stablecoins for convenience (24 hours a day, 365 days a year, international transactions, etc.).

Stablecoins...