TechFlow news, May 30 — According to CoinDesk, a recent report from Citigroup indicates that growing use of stablecoins in both cryptocurrency markets and traditional finance is driving increased demand for U.S. short-term Treasury securities. The report highlights that the dominance of dollar-backed stablecoins like USDT in crypto trading and blockchain payments reflects the U.S. dollar's role as the world's primary reserve currency. Proposed legislation currently under consideration by Congress could further reinforce this trend by requiring reserves to be held in short-term government debt. Meanwhile, traditional financial giants such as PayPal and Visa are beginning to explore stablecoin applications. Citigroup forecasts that the stablecoin market could reach $1.6 trillion to $3.7 trillion by 2030.
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