Citi: Stablecoin market cap could reach $3.70 trillion by 2030, this year could be blockchain's "ChatGPT moment"

In its latest report, Citibank predicts that total stablecoin supply "will grow to $1.60 trillion in a baseline scenario and $3.70 trillion in an optimistic scenario" by 2030. The report says blockchain could have a "ChatGPT moment" this year, in part due to the acceleration of stablecoin adoption. Citi notes that "regulatory changes that drive financial and public sector adoption could trigger a historic shift in the cryptocurrency market", adding that stablecoins could be worth as little as $500 billion if "adoption and integration challenges persist".