Stablecoins Poised to Reach $2 Trillion Market Cap by 2028, US Treasury Forecasts

The US Department of the Treasury predicts that the stablecoin market could reach a market capitalization of $2 trillion by 2028. This marks a sevenfold increase from its current level of approximately $240 billion. Meanwhile, MEXC COO has stated that this milestone may be achieved sooner, possibly by next year.   Why the Stablecoin Market is Set to Explode by 2028 The Treasury Department shared its optimistic outlook in the Treasury Borrowing Advisory Committee’s (TBAC) report released on April 30 source: https://beincrypto.com/stablecoin-market-2-trillion-2028/