CoinVoice has recently learned that, according to a report by CoinDesk, Citigroup's latest report points out that as the use of stablecoins in the crypto market and TradFi continues to rise, the demand for U.S. short-term Treasury bonds is also on the rise.

The report emphasizes that dollar-backed stablecoins (such as USDT) dominate the crypto market and blockchain payments, reflecting the dollar's position as the global reserve currency. Related legislation being considered by Congress may further solidify this trend by requiring reserves to hold short-term government debt. Meanwhile, traditional financial giants like PayPal and Visa are also beginning to explore stablecoin use cases. Citigroup predicts that by 2030, the stablecoin market size could reach between $1.6 trillion and $3.7 trillion.