Citigroup: Stablecoins will expand beyond cryptocurrency trading and integrate into mainstream economic systems

BlockBeats news, on May 12th, according to CoinDesk, Citigroup predicts that as regulatory incentives promote the integration of fixed value tokens into the mainstream economy, the stablecoin market may soon surpass the entire crypto trading ecosystem that nurtured it. Stablecoins are not just the role of "tokenized cash" in the cryptocurrency trading community. These digital tokens, mainly pegged to the US dollar, have begun to expand into fields such as payments and remittances. A recent report released by Citigroup's Future Financial Think Tank suggests that stablecoins may replace some overseas and domestic currency reserves in the United States within the next five years, while also becoming a part of short-term liquidity for banks. The report also suggests that if profitable stablecoins can be launched, they are expected to play a role in fixed deposits and retail money market funds.