menu
techminis

A naukri.com initiative

google-web-stories
source image

Dev

22h

read

115

img
dot

Image Credit: Dev

Citi Predicts Stablecoins Will Become Part of the Mainstream Economy

  • Stablecoins, digital assets pegged to stable currencies like the US dollar, are forecasted by Citi to become a significant part of the global financial system, reshaping how money is held, moved, and managed.
  • Originally designed for crypto traders, stablecoins are now being utilized in payments, remittances, and business liquidity management, with potential use in replacing a portion of currency reserves and facilitating various financial transactions.
  • Citi predicts the stablecoin market to grow from $250 billion to $1.6 trillion by 2030, with key drivers including increased global payments, substitution for physical cash, adoption in tokenized financial transactions, and demand in regions with unstable currencies.
  • However, regulatory clarity is essential for stablecoin growth, as uncertainties and integration challenges could hinder progress. Despite challenges, Citi envisions stablecoins becoming a cornerstone of the mainstream economy by the end of the decade.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app