Stablecoin Issuers Poised to Become Top US Treasury Holders by 2030, Citigroup Predicts
Citigroup forecasts that stablecoin issuers could rank among the largest holders of U.S. Treasuries by 2030 if regulatory frameworks are established. The bank estimates over $1 trillion in additional Treasury demand could emerge from stablecoin growth under supportive policies.
A regulated stablecoin ecosystem would drive demand for dollar-denominated risk-free assets globally, according to the report. Issuers would be required to back tokens with U.S. Treasuries or comparable low-risk instruments, creating substantial new demand for government debt.