Blockchain could lead to the 'ChatGPT moment' in adoption: Citigroup

Citi predicts that the supply of stablecoins will continue to be denominated in US dollars, while countries outside the United States may use alternative CBDCs.

According to the giant investment bank Citigroup, regulatory changes could be the catalyst for significant adoption of blockchain technology and stablecoins by 2025.

A group of financial analysts at Citigroup stated in a report on April 23 that: "2025 has the potential to be the 'ChatGPT moment' for blockchain adoption in the financial and public sectors, driven by regulatory changes".

The combination of increasing regulatory support and the adoption by financial institutions has set the stage for stablecoin market capitalization to soar to $3.7 trillion by 2030 or, in a baseline scenario, $1.6 trillion.

Citi said in its report: "The main driver of broader acceptance could be regulatory clarity in the US, which could allow for greater integration of stablecoins in particular and blockchain in general into the current financial system".

"The momentum from regulatory support and the increasing integration of digital assets into current financial institutions is setting the stage for greater use of stablecoins." #GPT