Standard Chartered: It is expected that stablecoin issuers will become the second largest buyer of U.S. debt after the Federal Reserve within three years

Odaily Planet Daily News Since June, the average daily trading volume of US dollar stablecoins has exceeded 100 billion US dollars, significantly exceeding the trading volume of Bitcoin and Ethereum. According to the first quarter reports of Tether and Circle, it can be inferred that among the total 250 billion US dollars of US dollar stablecoins, US Treasury bonds account for at least 80% of the reserve assets, which is equivalent to an additional 200 billion US dollars in US Treasury demand. Standard Chartered Bank predicts that by 2028, the size of the stablecoin market will drop to 2 trillion US dollars, corresponding to a demand for US Treasury bonds of 1.2 trillion to 1.6 trillion US dollars, and stablecoin issuers will become the second largest buyer of US Treasury bonds after the Federal Reserve. (BusinessLIVE)