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
This article is machine translated
Show original
Planet News: Since June, the daily trading volume of US dollar stablecoins has exceeded $100 billion, significantly surpassing Bitcoin and Ethereum's trading volume. Based on the quarterly reports of Tether and Circle, out of the total $250 billion in US dollar stablecoins, at least 80% of the reserve assets are US Treasuries, which is equivalent to an additional $200 billion in US Treasury demand. Standard Chartered predicts that by 2028, the stablecoin market size will drop to $2 trillion, corresponding to a US Treasury demand of $1.2 trillion to $1.6 trillion, making stablecoin issuers the second-largest buyers of US Treasuries after the Federal Reserve. (BusinessLIVE)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share