The Citi Institute’s Blockchain & Digital Dollar report projects that the stablecoin market could reach between $0.5 and $3.7 trillion by 2030, with approximately 90% denominated in U.S. dollars. Stablecoin issuers may emerge as major holders of U.S. Treasuries. In the public sector, growing emphasis on transparency and accountability is driving interest in blockchain, particularly for use cases such as tracking government spending, disbursing subsidies, and managing public records.