【Citi Bank: Dollar Stablecoins Benefit the Consolidation of the Dollar's Global Dominance, Will Not Replace the Dollar】Golden Finance reports that Citi Bank stated in its latest report that stablecoins not only have the potential to consolidate the dollar's dominant position but also challenge the claim that Bitcoin will one day end the dollar's hegemony. Analysts in the report stated: "Initially, cryptocurrencies like Bitcoin were seen as competitors to currency issued by central banks. In fact, some people believe—and still believe—that Bitcoin might end the dollar's hegemony. However, USDT is challenging this claim." Citi pointed out that the vast majority of stablecoins are pegged to the dollar, with issuers holding both dollars and U.S. Treasury bonds. Analysts also indicated that if the U.S. government further legitimizes stablecoins, it could enhance the dollar's dominant position.