Stablecoins To Surge To $2 Trillion By 2028, Says Standard Chartered: Here’s What It Means For The Dollar

A forthcoming U.S. regulatory framework is expected to supercharge the stablecoin market, pushing its total value from $230 billion today to $2 trillion by the end of 2028.

According to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, the growth will generate $1.6 trillion in additional demand for U.S. Treasury bills, effectively absorbing the entire new T-bill issuance planned during President Trump’s second term.

In a note published Monday, Kendrick said the expected passage of the GENIUS Act, which clarifies the legal treatment of stablecoins, will unlock a massive wave of demand for tokenized dollar-based instruments.

“That growth …

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