A recent study from the Citi Institute, Citigroup’s research organization, claims that the global stablecoin market could reach as high as $3.7 trillion by 2030. This was its most bullish estimate, but the base case was $1.5 trillion.
It acknowledged a few risks that could lead to a bearish scenario of $0.5 trillion, but the report largely remained optimistic. In any event, this sector could tremendously impact global markets.
Citigroup Is Extremely Bullish on Stablecoins
Citigroup’s researchers had one clear reason to be optimistic about stablecoins: friendly regulation worldwide. The Citi Institute’s report was titled “Digital Dollars.” It called special attention to stablecoins’ growing integration with the US dollar. This could serve as the motor for long-term growth:
“Government adoption of blockchain falls into two categories: enabling new financial instruments and system modernization. Stablecoins are now major holders of US Treasuries, starting to influence global financial flows. Their growing adoption reflects sustained demand for US dollar-denominated assets,” claimed Artem Korenyuk, a managing director at Citi.
The organization was particularly interested in mandates that stablecoin issuers hold reserves of US Treasuries. It predicts that non-USD stablecoins, including CBDCs, will ultimately exist on the margins, with 90% of the stablecoin market sticking to the dollar.
These reserve mandates would, therefore, cause the issuers to become major holders of Treasury bonds.
By doing this, regulators will compel stablecoin issuers to substantially change their internal policies. Citigroup predicts that this could better integrate stablecoins with the TradFi ecosystem.
Although stablecoins “pose some threat to traditional banking” for several reasons, these regulations will encourage a cooperative model instead. Public sector blockchain spending will also help this dynamic.
Still, Citigroup acknowledged significant risks in this rosy picture of stablecoins. Although its most bullish estimate is a $3.7 trillion global sector by 2030, its bearish outcome is only half a trillion.
That’s a very significant spread. The largest risks include fraud, contagion from de-pegging events, and confidentiality concerns.
HTX, a leading global cryptocurrency exchange, recently announced its “Boost SOL ETF Approval” special event, a week-long campaign celebrating the highly anticipated potential approval of spot SOL ETFs by the U.S. Securities and Exchange Commission (SEC). This landmark approval would position SOL—following Bitcoin and Ethereum—as the third cryptocurrency to have a spot ETF, signifying substantial recognition from capital markets for its technology, ecosystem, and market influence. More importantly, it serves as a powerful indicator of the crypto industry’s accelerated progression toward mainstream adoption and institutional acceptance.
This campaign, which runs from 10:00 (UTC) on June 26 to 10:00 (UTC) on July 3, offers a total prize pool of $100,000 in $HTX tokens. Users can participate by trading popular Solana ecosystem tokens to earn rewards. As a bonus, the 8th, 88th, 888th, and 8,888th registered users will each receive a Solana smartphone.
The campaign features three dynamic events designed for broad participation:
Event 1: Soar with SOL — Airdrops for New Signups and Referrals
During the event period, new users and first-time traders can get a random airdrop of 1,000,000 $HTX or an 8% SmartEarn APY Booster Coupon by completing any amount of spot or futures trading. Additionally, participants can refer friends to HTX during the event. If their invitee signs up and trades at least 1,000 USDT, the inviter will receive an airdrop of 6,000,000 $HTX.
Event 2: Support SOL — Trade Solana Ecosystem Tokens for Rewards
Support the push for Solana ETF approval and get rewarded. Trade a minimum of 100 USDT in spot or USDT-M futures with any of the specified Solana ecosystem tokens (SOL, TRUMP, WIF, FARTCOIN, BONK, BOME, PNUT, MYRO, JTO, JUP). Complete this daily trading task for two days to be eligible for a $3 airdrop in $HTX.
Event 3: Boost SOL ETF Approval — Top the Trading Volume Leaderboard
Trade to share a $50,000 prize pool! Achieve a total spot or futures trading volume of ≥10,000 USDT across the listed Solana ecosystem tokens (SOL, TRUMP, WIF, FARTCOIN, BONK, BOME, PNUT, MYRO, JTO, JUP) during the event. Rewards, with a top prize of $5,000 in $HTX, will be shared among qualifying participants based on their trading volume ranking.
HTX Maintains Market Leadership Through User-Centric Innovation
Dedicated to the global circulation of premier assets, HTX remains at the forefront of industry trends, consistently bringing new opportunities to its users. With the Solana ETF’s approval on the horizon, the platform is rolling out exclusive events. This move demonstrates HTX’s ability to identify emerging opportunities and reaffirms its core philosophy of prioritizing users.
The upcoming Solana ETF could initiate a new period of rapid growth for the crypto ecosystem. HTX will continue to deliver stable, convenient, and diverse trading experiences through high-quality services and innovative products, working alongside its global user base to embrace the new era of crypto.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
Pi Coin is showing strong signs of recovery after breaking free from a two-month-long downtrend.
The altcoin is now benefiting from improving market sentiment, especially as signs of an approaching altcoin season grow stronger. This momentum could position Pi Coin for a major price surge.
Pi Coin Is Receiving Market Support
At the time of writing, Pi Coin’s Bollinger Bands are converging. This technical pattern typically signals incoming volatility, and the last similar event occurred in May. Back then, Pi Coin recorded a massive 114% price increase shortly after the bands widened. A repeat of this move would depend on the broader crypto market’s direction.
Currently, as Bitcoin consolidates and Ethereum leads altcoins upward, conditions favor another bullish breakout for Pi Coin. The tightening Bollinger Bands are hinting at imminent movement, and with sentiment leaning bullish, the next wave of volatility may well push Pi Coin higher once again.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The macro indicators also align with a bullish forecast. The Chaikin Money Flow (CMF) is trending upward, indicating capital inflow into Pi Coin. This inflow suggests that investors are gaining confidence and could be positioning themselves ahead of a possible altcoin rally.
As money enters the ecosystem, Pi Coin benefits from renewed market participation and rising demand. These factors often precede price breakouts and are especially influential when combined with technical signals of volatility.
Pi Coin is currently trading at $0.47 after consolidating sideways for several days. This consolidation has worked in its favor, helping the altcoin escape its two-month downtrend. Investors are now watching closely for the next resistance to be broken.
Despite being only 15% from its all-time low of $0.40, the technical indicators suggest this support will hold. If Pi Coin can flip $0.45 into a reliable support level, it could initiate a rally toward $0.51 and beyond, especially if the altcoin season intensifies.
However, if holders begin to exit their positions prematurely, Pi Coin could slip back toward $0.40. Such a move would invalidate the bullish scenario and place the altcoin at risk of retesting its historical low.
A recent report from Reown reveals that the on-chain ecosystem is maturing, with users expanding their engagement beyond trading activities. Many believe that payments and artificial intelligence (AI) will be crucial in driving the wider adoption of on-chain technology.
Despite optimism about crypto’s future, challenges such as fees, security, and interoperability persist.
The Future of Crypto Adoption
Reown shared its report, “The State of Onchain UX,” with BeInCrypto. It draws from a survey of 1,038 active crypto users in the US and UK, conducted between February 19 and February 26, 2025.
“For crypto payments to truly reach the mainstream, they must match the ease of traditional fintech experiences. Users should be able to transact effortlessly without needing to understand blockchain mechanics,” Reown’s Payments Product Manager Mirna Barca wrote.
AI is seen as another key driver, with 35% of users identifying it as a major catalyst for adoption. Nonetheless, while AI’s potential is acknowledged, there is some skepticism about blockchain’s role in AI development.
Only 29% believe the two technologies will complement each other. Meanwhile, just 18% see crypto as facilitating AI’s progress.
“Despite trading taking the crown when it comes to user activity today, payments and AI dominate as the two themes users feel will play bigger roles on a greater scale, suggesting that the leading services users access today does not reflect what they believe to drive its long-term value,” the report read.
Shortly after President Trump took office, the SEC established a crypto task force to create a clear regulatory framework for digital assets. In fact, new SEC chairman Paul Atkins has also stressed the importance of crypto regulation, calling it a ‘top priority.’
This focus has contributed significantly to industry optimism, and user data exemplifies that. 86% of users believe it will drive mainstream adoption, while 14% think it will slow innovation.
“We’re in the final throes of regulatory uncertainty in the US. In Europe, MiCA is finally taking shape, but a lack of precedent has kept innovators guessing, just like in the US. The industry is on the cusp of regulatory clarity but we aren’t quite there yet,” Marco Santori, Director of WalletConnect Foundation, remarked.
What Are the Top Factors Holding Back Widespread Crypto Adoption?
Confidence in on-chain security has risen significantly, with 69% of users feeling safe, up from 50.5% last year. However, so have phishing attacks. The number of phishing attacks reported by users has grown to 21%, up from 14.4%.
“Phishing attacks are up, and that’s a problem. But security UX still isn’t where it needs to be. If we can make transaction signing clearer and build in fraud protection, we can help users feel more in control,” Reown’s CEO Jess Houlgrave commented.
A notable 44% of users now use multiple wallets for security reasons, up from 32.8% in 2024. In addition, 18% of users cite security concerns, such as hacks and scams, as a barrier to engaging on-chain.
Challenges in Mainstream Crypto Adoption. Source: Reown
Notably, users also emphasized the need for interoperability, with 47% considering it very important. Additionally, 18% cited a lack of interoperability as a barrier. Despite this, only 14% listed it as one of the core issues that need to be resolved.
Therefore, the report draws attention to the need for developers to focus on real-world use cases, ensuring seamless, secure, and cost-effective user experiences. It also highlights a disconnect between user expectations, centered on payments and social apps, and current behavior, which remains heavily trading-focused.
“Understanding and addressing this dynamic will be critical to achieving true mainstream adoption,” the report noted.
With 67% of survey participants optimistic about crypto’s development, the on-chain ecosystem is poised for growth. However, addressing security, fees, and interoperability will be essential to unlocking its full potential and driving the next wave of mainstream engagement.
