CITIGROUP: STABLECOIN SUPPLY COULD HIT $3.7 TRILLION BY 2030

Summary from the TLDR Crypto newsletter

Citigroup projects that the stablecoin market could expand to nearly $4 trillion by 2030. This will be largely driven by the increasing use of stablecoins in payments, cash management, and as a hedge against local currencies. ~90% of stablecoins will remain U.S. dollar-denominated. Banks can potentially stay relevant by offering services like custody, reserve asset brokerage, and issuing their own stablecoins.