Citi Institute's April 2025 Global Perspectives and Solutions report highlights the accelerating adoption of blockchain technology in banking and the public sector, with a particular focus on stablecoins and system modernization. The report forecasts that the stablecoin market could reach $1.6 trillion, while Citi projects US dollar stablecoins may expand to $3.7 trillion by 2030. JPMorgan estimates the stablecoin market size could grow to between $500 billion and $750 billion in the coming years, with stablecoin issuers potentially becoming the third largest buyers of U.S. Treasury bills, assuming a 70/30 split between Treasuries and Treasury repos. The U.S. Senate is expected to vote on stablecoin legislation before Memorial Day, according to Senator John Thune, as Congress navigates broader macroeconomic issues. Industry experts emphasize that stablecoins are on track to become the largest method of holding U.S. Treasuries, underscoring the growing importance of digital assets in the financial system. Discussions on potential legislation under the new administration focus on the future of digital dollars and the protection of financial freedoms.