Citigroup has made a striking prediction for the future of stablecoins, predicting that the total supply could reach as much as $3.7 trillion by the end of the decade. The banking giant has suggested in a report that blockchain technology could soon experience a “ChatGPT moment,” a turning point for widespread adoption. The current stablecoin market, which hovers around $240 billion, could grow more than tenfold under favorable conditions, according to Citigroup. The bank expects supply to reach $1.6 trillion by 2030 in its base case scenario, while its bullish forecast sees that figure rise to $3.7 trillion. “Regulatory changes and adoption in the financial and public sectors could transform the cryptocurrency market,” the report said. However, the bank also acknowledged potential hurdles, noting that if integration and adoption challenges persist, the market could only reach $500 billion by 2030. Related News: BREAKING: Coinbase Adds a New Altcoin to Its Roadmap to List The timing of the report comes at a time when optimism about crypto regulation is growing in the United States. Since President Trump took office earlier this year, Congress has been actively discussing legislation to regulate stablecoins, a move that could accelerate institutional entry into the sector. Major firms like Bank of America are reportedly considering opportunities to issue USD-backed crypto tokens. Citigroup highlighted the potential impact of a regulatory green light, saying that “a U.S. regulatory framework for stablecoins could create net new demand for U.S. Treasury securities and make stablecoin issuers among the largest holders of U.S. Treasury securities by 2030.” *This is not investment advice. Continue Reading: Banking Giant Citigroup Makes a Stunning Prediction for the Cryptocurrency Market
