Treasury Secretary Scott Bessent believes the US dollar-backed stablecoin market could exceed $2 trillion by 2028. However, his wager is contingent on lawmakers passing strong regulatory frameworks. His remarks come amid growing stablecoin adoption in the US, with institutional players looking to enter the market. Stablecoins Are Key to Preserving US Dollar Dominance, Scott Bessent Says During a Wednesday Senate hearing, Bessent emphasized the potential for stablecoins to bolster global dollar adoption and maintain US financial leadership
source: https://beincrypto.com/usd-stablecoin-market-2-trillion-2028/