Citigroup Predicts “ChatGPT Moment” For Stablecoins And Blockchain Adoption In 2025
Banking giant Citigroup says 2025 could be a “ChatGPT moment” in terms of adoption for stablecoins and blockchain technology. “The main catalyst for their greater acceptance may be regulatory clarity in the US, which could enable greater integration of stablecoins specifically, and blockchain more widely, into the existing financial system,” financial analysts at the bank said in an April 23 report . Citigroup Sees Stablecoin Market Cap Soaring To $3.7 Trillion By 2030 “The tailwinds of regulatory support and the increased integration of digital assets into incumbent financial institutions are setting the stage for increased usage for stablecoins,” the Citigroup analysts said in the report. With the anticipated surge in usage for stablecoins, the banking titan predicted that the market cap for stablecoins could soar to as high as $3.7 trillion by the end of the decade in a bull case. In a base case, this figure is expected to rise to $1.6 trill...