Citi Wealth Representatives stated , that stablecoins have acquired a previously uncharacteristic function of strengthening the dominance of the US dollar on the global stage. According to them, it is thanks to stablecoins that the American dollar is becoming increasingly accessible.
Currently, at least 93% of all stablecoins are denominated in dollars, and their issuers hold reserves in US currency, Treasury bonds and money market funds, experts said.
They emphasized that the development of a more liberal regulatory framework for this asset class in the United States will increase their attractiveness to investors. As demand grows, stablecoin issuers will buy even more Treasury bonds.
According to analysts, over the next few years, traditional payment providers will include stablecoins in their systems, thereby further expanding the geography of application of this class of coins and the degree of influence of assets on the global financial market.
They estimate that the growth of stablecoins tied to the US national currency will continue to strengthen the dollar's position, and attempts by other countries to weaken its influence are unlikely to lead to an effective result.
