CoinMeta data: The stablecoin project Citi achieves a yield of 3.75% through short-term government bonds and overnight repurchase agreements. The collaboration between Citi and Coinbase enables their institutional clients to accept stablecoin payments, while Coinbase provides blockchain infrastructure and automatically converts digital currencies into US dollars. According to Circle's 2025 annual report, Circle will share approximately 60% of its reserve income with distribution platforms such as Coinbase. Under Section 4(a)(11) of the Genius Act, stablecoin issuers are not allowed to pay interest directly to token holders; therefore, the earnings are transferred through distribution platforms. Citi predicts that the stablecoin market will reach $1.9 trillion to $4 trillion by 2030.