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According to a report by CoinDesk, Citigroup's latest report indicates that as the use of stablecoins in the crypto market and traditional finance continues to rise, the demand for U.S. short-term treasury bonds is also increasing. The report emphasizes that the dominance of dollar-backed stablecoins (such as USDT) in crypto trading and blockchain payments reflects the status of the dollar as a global reserve currency.
The relevant legislation currently being considered by Congress may further solidify this trend, requiring reserve holdings of short-term government debt. Meanwhile, traditional financial giants like PayPal and Visa are also beginning to explore stablecoin application scenarios. Citibank predicts that by 2030, the stablecoin market size could reach between USD 1.6 trillion and USD 3.7 trillion.