PANews reported on April 25 that according to The Block, Citigroup's report on Thursday suggested that driven by the application of stablecoins, blockchain technology may usher in a "ChatGPT moment" this year. The bank predicts that by the end of this decade, the total market value of stablecoins may surge more than 10 times from the current approximately US$240 billion to more than US$2 trillion. Under the baseline scenario, the circulation of stablecoins may reach US$1.6 trillion in 2030, and may reach US$3.7 trillion in the optimistic scenario. The report emphasizes that the adoption of stablecoins by the financial and public sectors under regulatory changes may promote historic changes in the cryptocurrency market. However, if the adoption and integration of stablecoins are hindered, their market value may only reach US$500 billion. Citi also said that if the US stablecoin regulatory framework is established, it may give rise to new demand for US debt, and stablecoin issuers may become one of the major holders of US debt in 2030. At present, Tether, the world's largest stablecoin issuer, already holds tens of billions of US dollars in US debt. In addition, stablecoins may threaten the traditional banking ecosystem through deposit substitution, and some banks are lobbying lawmakers to limit the types of issuers of dollar-pegged tokens.