A recent report from CoinDesk reveals that Citigroup has observed a surge in demand for U.S. short-term Treasury bonds, driven by the rising popularity of stablecoins across both cryptocurrency and traditional finance sectors. The report emphasizes the dominance of dollar-backed stablecoins like USDT in crypto trading and blockchain transactions, highlighting the stability and recognition of the U.S. dollar as the global reserve currency. Proposed legislation seeking to mandate reserves holding short-term government debt could further solidify this trend. Meanwhile, established financial institutions such as PayPal and Visa are exploring the possibilities presented by stablecoin technology. Citigroup predicts that the stablecoin market will reach between $1.6 trillion and $3.7 trillion by 2030, according to its forecasts.