Citi: Crypto adoption will be driven by CBDCs

  • A new report suggests that swift crypto adoption will be powered primarily by the rise of CBDCs and tokenization of real-world assets. 

Why it matters: Citigroup, who has 200 million customer accounts, says it “could be a killer use case” when it comes to blockchain technologies.

  • Citi’s future of finance lead suggested that there will be $5 trillion circulating in the economy in CBDCs “by the end of this decade.” 

The 3rd largest U.S. bank appears to be on a mission to implement a digital replacement of the dollar within the next 5 to 10 years.

Learn more about this mass adoption here.