News

Jinse Finance reported that Citibank has released its latest report, raising its forecast for global stablecoin issuance in 2030 to $1.9 trillion under the baseline scenario, and up to $4 trillion in a bull market scenario. The report points out that stablecoins could support up to $200 trillion in annual transaction volume. However, the report predicts that due to enterprises’ demand for regulatory assurance, the transaction volume of bank tokens (such as tokenized deposits) may eventually surpass that of stablecoins, with transaction value expected to exceed $100 trillion by 2030. Citi believes that stablecoins, bank tokens, and central bank digital currencies (CBDCs) will coexist and jointly reshape the financial infrastructure.

Jinse Finance reported that all three major U.S. stock indexes closed lower, with the Dow Jones down 0.38%, the Nasdaq down 0.5%, and the S&P 500 down 0.5%. Oracle fell more than 5%, Tesla dropped over 4%, and Meta declined more than 1%; Intel surged nearly 9%, and Apple rose over 1%.