According to Odaily Planet Daily, Citibank released a report stating that stablecoins may drive the next stage of growth in cryptocurrencies. Analysts at the bank compared stablecoins to the rise of money market funds in the 1980s. The main driving force behind the adoption of stablecoins is their role as a "store of value" in emerging markets facing inflation or weak institutions. This may further stimulate demand for US dollar assets, but it may also trigger policy responses to limit dollarization. (CoinDesk)