Global Bank Citi predicted that 2025 could be a possible inflection point for the adoption of the blockchain motivated by the stablecoins, similar to the year of artificial intelligence of the year to the rupture (AI) with the cat of the popular app.
“2025 has the potential to be the” Chatgpt “moment of the blockchain,” said bank analysts in a report published earlier this week.
In the center of the Citi projection are stablescoins, a class of cryptocurrencies set for traditional currencies such as the US dollar. These tokens, led by the USDT $ 145 billion from Tether and the $ 60 billion USDC from Circle, have recently experienced enormous growth and are increasingly used for payments and funds worldwide.
Citi sees the asset class potentially switching to $ 1.6 billion by 2030 in its basic case from the current $ 230 billion, with the warning that regulatory support and institutional integration set up. In the more optimistic scenario of the bank, the market could ball at 3.7 billions of dollars, although the persistent structural challenges can maintain the number closer to $ 500 billion in the case of the bank bear.
A major catalyst is the regulatory position of support in the United States, with a recent presidential decree leading the formation of a federal framework for digital assets, according to the report. The clarity of the stablecoin rules could allow these tokens to be more deeply anchored in the financial system, offering faster payments, improved transparency and more efficient asset regulations.
“This could lead to a greater adoption of money based on blockchain and stimulate other use cases, financial and beyond, in the private sector and American public,” noted the authors.
Stablecoin issuers become major US Treasury holders
Stablecoins should remain strongly denominated in dollars in the future. The report provides that around 90% of the stoves in circulation in 2030 will always be linked to the US dollar, cementing its domination.
This has major implications for the global financial system. Stable transmitters to a dollar could become one of the largest buyers of American treasury bills, assuming that regulations are pushing to support chips with traditional low -risk and very liquid traditional financial assets such as government obligations. Citibank estimated that transmitters may have $ 1.2 billion of the US government debt by the end of the decade, potentially exceeding all the main foreign sovereign holders.
Meanwhile, central banks of countries in Europe and Asia will likely promote their own digital currencies, or CBDC, the report indicates.
The report highlighted several risks that could hinder growth. The Stablecoins exceeded almost 1,900 times in 2023 only, including more than 600 instances involving major tokens, wrote the authors of the report, citing Moody data.
In extreme cases, mass redemptions – such as those following the collapse of Silicon Valley Bank (SVB) which have therefore struck USDC – can disrupt cryptographic liquidity, force automated sales and undulation via the financial markets, added the authors.
