{"id":24983,"date":"2025-05-02T23:47:36","date_gmt":"2025-05-02T23:47:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24983"},"modified":"2025-05-02T23:47:36","modified_gmt":"2025-05-02T23:47:36","slug":"us-treasury-predicts-stablecoin-market-could-surge-to-2-trillion-by-2028","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24983","title":{"rendered":"US Treasury Predicts Stablecoin Market Could Surge to $2 Trillion by 2028"},"content":{"rendered":"
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With the growth of the cryptocurrency and digital asset economy has come the expansion of the stablecoin market in the United States and abroad, stated the US Treasury in a report released on April 30.<\/p>\n

The research<\/a> noted that there could be an 8.3x increase from the current stablecoin market cap of $234 billion in April 2025 to about $2 trillion by 2028.<\/p>\n

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\u201cEvolving market dynamics have the potential to accelerate stablecoins\u2019 trajectory to reach $2 trillion in market cap by 2028.\u201d<\/p>\n<\/blockquote>\n

Big Predictions for Future Growth<\/h2>\n

This projection assumes the passage of the GENIUS Act<\/a> in the US, which would establish clear regulatory guidelines and drive market confidence and adoption.<\/p>\n

The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) defines \u201cpayment stablecoins\u201d as digital assets redeemable at a fixed value, pegged to fiat, but non-yield-bearing. It also sets out reserve rules for stablecoin issuers.<\/p>\n

In early April 2, the US House Financial Services Committee passed the STABLE Act<\/a>, which gives the Office of the Comptroller of the Currency (OCC) the authority to approve and supervise \u201cfederally qualified nonbank payment stablecoin issuers.\u201d<\/p>\n

Stablecoin reserve requirements could also drive large demand for short-dated U.S. Treasuries, it stated. Projections suggest stablecoin issuers could hold around $1 trillion in T-bills by 2028 if growth hits expectations.<\/p>\n

The Treasury also predicted that stablecoin transactions could rise from around $700 billion per month today to around $6 trillion per month by 2028, which is roughly 10% of global forex spot transactions.<\/p>\n

If regulatory clarity<\/a> is achieved, stablecoins could become a mainstream financial instrument not just for crypto users, but for traditional finance, corporate treasury, and even sovereign liquidity management.<\/p>\n

\"\"<\/a>
Potential drivers of stablecoin growth. Source: US Treasury Dept<\/figcaption><\/figure>\n

For users in emerging markets, stablecoins provide direct access to US dollars without needing a US bank account, strengthening the currency\u2019s global role, the report noted.<\/p>\n

Stablecoin Ecosystem Outlook<\/h2>\n

The current stablecoin market capitalization is $244.5 billion, which represents around 8% of the total crypto market cap, which is just over $3 trillion, according<\/a> to Coingecko.<\/p>\n

The lion\u2019s share of the stablecoin market is currently dominated by Tether, which has a 61% share with $149 billion USDT in circulation.<\/p>\n

Circle is second with $61 billion in USDC circulation, giving it a 25% market share, and decentralized USDS (formerly DAI) is third with 3% of the stablecoin market.<\/p>\n

PayPal has seen significant growth for its PYUSD<\/a> stablecoin this year. However, it has less than 0.36% market share. The company partnered with Coinbase recently to boost the adoption of its dollar-pegged stablecoin.<\/p>\n

The post US Treasury Predicts Stablecoin Market Could Surge to $2 Trillion by 2028<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

With the growth of the cryptocurrency and digital asset economy has come the expansion of the stablecoin market in the United States and abroad, stated the US Treasury in a report released on April 30. The research noted that there could be an 8.3x increase from the current stablecoin market cap of $234 billion in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24983","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24983"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24983\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}