Stablecoins Surge US Treasury’s $2T Forecast

Stablecoins Projected to Reach $2 Trillion by 2028

• Standard Chartered Bank and the U.S. Treasury project stablecoin market growth from $240 billion to $2 trillion by 2028.
• Stablecoins are pegged one-to-one with fiat currencies, primarily the U.S. dollar.
• The market capitalization of stablecoins has increased 45-fold since 2019, reaching approximately $242 billion as of May 1.
• The projected growth would require an additional $1.6 trillion in reserves for stablecoin issuers.
• The U.S. government is close to passing a bipartisan bill imposing capital and liquidity requirements on stablecoins.

The forecasted growth of stablecoins to $2 trillion by 2028, supported by both Standard Chartered and the U.S. Treasury, highlights significant potential expansion from their current market cap of around $240 billion.