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Citi: stablecoins may drive the next stage of cryptocurrency growth

Internet reports that Citibank released a report stating that stablecoins may promote the next stage of growth of cryptocurrencies. Analysts at the bank compared stablecoins with the rise of money market funds in the 1980s. The main driving force for the adoption of stablecoins lies in its role as a "store of value" in emerging markets facing inflation or weak institutions, which may further stimulate demand for dollar assets, but may also trigger a policy response that restricts dollarization.

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