According to The Block report, Citigroup wealth strategists believe that stablecoins not only have the potential to strengthen the dominance of the US dollar but also challenge the notion that Bitcoin will one day end the dollar's supremacy. Initially, cryptocurrencies like Bitcoin were seen as competitors to central bank-issued currencies. In fact, some people believe that Bitcoin could end the dollar's hegemony. However, Citigroup wrote in a new report: stablecoins, which account for more than four-fifths of cryptocurrency trading volume, are challenging this notion. $BTC