Citigroup's latest report indicates that the rise of stablecoin applications in the crypto market and TradFi will drive demand for U.S. Treasury bills. The report shows that dollar-backed stablecoins reflect the dollar's status as a global reserve currency. Related legislation could accelerate this trend by requiring reserves to hold government debt. Predictions suggest that the stablecoin market size is expected to reach between $1.6 trillion and $3.7 trillion by 2030.

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