Goldman Sachs has projected that the potential market for crypto stablecoins could reach trillions of dollars, signaling a major growth phase for the sector. This outlook is supported by new U.S. regulatory frameworks that provide legal clarity for stablecoins, enabling them to be used for various financial activities including purchasing U.S. government bonds and facilitating tourism programs. U.S. Treasury Secretary Scott Bessent has also indicated that stablecoins could become a key buyer of U.S. Treasuries, with expectations that the market could reach $2 trillion. Additionally, Bank of America estimates that stablecoin demand for U.S. Treasuries could increase by $25 billion to $75 billion. Coinbase projects the stablecoin market to grow to $1.2 trillion by 2028, highlighting the growing institutional interest and the potential impact on both crypto and traditional U.S. financial markets. These developments suggest that stablecoins are transitioning from a niche crypto asset to a significant component of the broader financial ecosystem.
Stablecoins In An Unstable System https://t.co/84tAipnUbL
USDT supply on @trondao has climbed to $83B, up from ~$62B a year ago. Transaction volumes are consistently over $150B per month, recently hitting new highs near $175B. Tron remains the dominant rail for stablecoin activity. https://t.co/FZWQzAmeur
Stablecoins hold nearly $200 billion in Treasuries, surpassing countries like Germany, South Korea, and Saudi Arabia as of March 31st - Bitwise. 👀 https://t.co/9dQoHQVmng