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Citi: Stability currency growth drives up demand for short-term U.S. treasury bonds, reflecting the dominance of the U.S. dollar

According to online reports, according to CoinDesk, Citigroup's latest report pointed out that with the increasing use of stablecoins in the crypto market and traditional financial fields, the demand for short-term U.S. treasury bonds has also increased. The report emphasizes that the dominance of dollar-backed stablecoins (such as USDT) in crypto transactions and blockchain payments reflects the dollar's status as a global reserve currency. Legislation being considered by Congress could further consolidate this trend, requiring reserves to hold short-term government debt. At the same time, traditional financial giants such as PayPal and Visa have also begun to explore stablecoin application scenarios. Citi predicts that by 2030, the stablecoin market size may reach US$1.6 to US$3.7 trillion.

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