The latest report from Citibank points out that stablecoins may not only solidify the dollar's dominance, but also challenge the claim that Bitcoin will end the dollar's hegemony. 🌐

The report analyzes that although Bitcoin was once viewed as a competitor to central bank currencies, stablecoins like USDT are changing this perspective. The vast majority of stablecoins are pegged to the dollar, and their issuers hold dollars and U.S. Treasury bonds. 💵

If the U.S. government further legalizes stablecoins, it could enhance the dollar's dominance. Increased regulatory transparency may make stablecoins more attractive, and the demand from stablecoin issuers for U.S. Treasury bonds may grow. 📈

Therefore, stablecoins may not replace the dollar, but rather assist it in being more easily accepted globally. 🌍