Citi report: Stablecoin market may reach $3.7 trillion, public sector accelerates blockchain adoption

Citi Institute points out in the 'Blockchain & Digital Dollar' report that 2025 may become a turning point for widespread blockchain applications in financial and public sectors. Regarding stablecoins, the report predicts that the market size will be between $0.5 trillion and $3.7 trillion by 2030, with 90% denominated in US dollars; stablecoin issuers may become major holders of US Treasury bonds, driving new US dollar asset demand. The public sector increasingly values blockchain due to transparency and accountability needs, primarily applying it to scenarios such as tracking fiscal expenditures, distributing subsidies, managing public archives, 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 the public sector.