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✍️ Citigroup has released a market report predicting a 7x growth in the stablecoin market over the next five years, driven by the US regulatory framework and increased adoption by financial institutions.
👉 Predicted 7x growth in stablecoin supply over the next five years
👉 US regulatory framework expected to support digital asset industry
👉 Increased adoption by financial institutions expected to drive demand
👉 Potential challenges include risk of de-peg and competition from central bank digital currencies
👉 Stablecoin market valued at $237.25 billion, with Tether (USDT) leading with 62.65% dominance
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American banking giant Citigroup has shared a highly bullish forecast of the stablecoin market in its latest market perspective report. Alongside this intriguing insight, Citigroup has also highlighted potential hurdles and roadblocks for these fiat-peg virtual assets. Related Reading: Bitcoin Advanced Sentiment Index Signals Strength – Bears Face Risks As Bulls Take Control US Regulatory […]
https://bitcoinist.com/citigroup-predicts-stablecoin-to-grow-1-6-trillion/