Gate.io News bot message, according to the report "Blockchain & Digital Dollar" released by Citi Institute, the application of Blockchain technology in the financial and public sectors will usher in an important turning point in 2025.
The report predicts that the stablecoin market will reach a market size of $0.5 to $3.7 trillion by 2030, with 90% denominated in US dollars. Stablecoin issuers are becoming significant holders of US Treasury bonds, driving the demand for dollar-denominated assets.
In the application of the public sector, Blockchain technology is mainly used in areas such as fiscal expenditure tracking, subsidy distribution, public record management, humanitarian aid, asset tokenization, and digital identity. The report also points out that the main constraints for large-scale deployment of Blockchain in the public sector are immature technology, poor interoperability, and unclear regulations.
Source: Wu Says