Citi Report: Stablecoin Market Could Reach 3.70 Trillion USD, Public Sector Accelerates Adoption of Blockchain

Wu Shuo has learned that Citi Institute, in its report "Blockchain & Digital Dollar," points out that 2025 may become a turning point for the widespread application of blockchain in the financial and public sectors. Regarding stablecoins, the report forecasts that by 2030, the market size will range between 0.5 and 3.70 trillion USD, with 90% denominated in US dollars; stablecoin issuers could become major holders of US Treasury bonds, driving new demand for dollar assets. The public sector increasingly values blockchain due to demands for transparency and accountability, with primary applications in fiscal expenditure tracking, subsidy distribution, public record management, humanitarian aid, asset tokenization, and digital identity. The report also notes that immature technology, poor interoperability, and unclear regulations are the main obstacles to large-scale blockchain deployment in the public sector currently.