GBTC

Citi predicts that 2025 could become a turning point for blockchain adoption, primarily due to the development of stablecoins. The report indicates that the stablecoin market size is expected to grow from the current $230 billion to between $1.6 trillion and $3.7 trillion by 2030. This growth is largely attributed to the United States' proactive regulation of digital assets and a stable market environment, which will facilitate their further integration into the financial system, increase payment speed, enhance transparency, and optimize asset settlement. Additionally, stablecoin issuers are expected to become major buyers of U.S. Treasury bonds, with holdings projected to reach $1.2 trillion, potentially surpassing all foreign sovereign holders. However, the report also highlights risks, such as stablecoins de-pegging nearly 1,900 times in 2023, with large-scale redemptions under extreme circumstances potentially disrupting the liquidity of the crypto market and impacting financial markets.

A U.S. federal judge has temporarily blocked Trump's attempt to abolish federal employees' collective bargaining rights. The National Treasury Employees Union stated that Trump's executive order to revoke collective bargaining agreements for federal departments relieved more than a dozen federal agencies of the obligation to negotiate with unions, violating federal employees' labor rights and the United States Constitution.