BlockBeats news, on December 12th, in the latest report released by Citibank, it is believed that Stable Coins not only have the potential to consolidate the dominance of the US dollar, but also challenge the idea that BTC will one day end the dominance of the US dollar. Analysts in the report stated: 'Initially, BTC and other cryptocurrencies were considered competitors to central bank-issued tokens. In fact, some people believed - and still believe - that BTC could end the dominance of the US dollar. However, USDT is challenging this idea.' Citibank pointed out that the vast majority of Stable Coins are pegged to the US dollar, and the issuers hold both US dollars and US Treasury bonds. Analysts also stated that if the US government further legalizes Stable Coins, it could enhance the dominance of the US dollar. 'The improvement in regulatory transparency may also further enhance the attractiveness of Stable Coins. If so, the demand for US Treasury bonds by Stable Coin issuers may increase from the current...