Citi Report: The stablecoin market could reach $3.7 trillion, with the public sector accelerating its embrace of Blockchain.

According to Wu, the Citi Institute pointed out in its report "Blockchain & Digital Dollar" that 2025 could become a turning point for the widespread application of Blockchain in the financial and public sectors. In terms of stablecoins, the report estimates that by 2030, the market size will be between $0.5 trillion and $3.7 trillion, with 90% denominated in US dollars; stablecoin issuers may become major holders of US Treasury bonds, driving new demand for dollar assets. The public sector is increasingly emphasizing Blockchain due to demands for transparency and accountability, primarily applied in scenarios such as tracking fiscal expenditures, distribution of subsidies, management of public records, humanitarian aid, asset tokenization, and digital identity. The report also noted that the main obstacles to the large-scale deployment of Blockchain in the public sector are immature technology, poor interoperability, and unclear regulations.