BlockBeats News: On April 25, according to The Block, banking giant Citigroup said in a new report released on Thursday that with the popularity of stablecoins, the bank predicts that the total market capitalization of stablecoins could grow tenfold by 2030, surging from the current nearly $240 billion to more than $2 trillion. “In our baseline forecast, total stablecoin circulation could reach $1.6 trillion in 2030 and $3.7 trillion in an optimistic scenario,” Citi noted in the report. The report highlights that "financial and public sector adoption, driven by regulatory changes, could trigger historic changes in the cryptocurrency market. However, Citi has also hedged its forecasts, saying that if “adoption and integration challenges persist”, the stablecoin market could only reach $500 billion by then.
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