Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

StanChart sees stablecion supply rising to $2T by 2028 following US legislation

Share This Post

Standard Chartered believes stablecoin supply could swell to $2 trillion by 2028, driving $1.6 trillion in new demand for US Treasury bills if upcoming US legislation passes as expected.

The report, authored by StanChart’s head of digital assets research, Geoffrey Kendrick, anticipates that the US GENIUS Act, which would formalize the legal framework for stablecoins, will be a massive boon to stablecoins and their growth.

The bill cleared the Senate Banking Committee in March and is widely expected to be signed into law by summer.

T-Bill Powerhouses

The GENIUS Act sets out a regulatory framework that mandates fully reserved stablecoins, with a strong preference for highly liquid U.S. assets like T-bills. Standard Chartered estimates this will drive consistent and large-scale purchases of government debt as stablecoin supply expands.

According to Kendrick:

“That level of demand is enough to absorb all the fresh T-bill issuance planned during Trump’s second term.”

Unlike prior speculative growth, the bank expects stablecoin demand to be structurally tied to fiscal markets, with issuers needing to match circulating token supply with liquid reserves.

The $1.6 trillion in projected T-bill demand reflects only newly issued stablecoins under these terms, not legacy tokens or digital assets more broadly.

The report explained that shorter-term T-bills would be the optimal reserve asset to manage liquidity needs and market volatility since issuers would want to avoid a  “duration mismatch.”

Boosting Dollar hegemony

According to the report, the rise of regulated, dollar-backed stablecoins may also reinforce global demand for the US dollar, particularly in countries facing currency instability or capital restrictions.

Standard Chartered argued that the ability to access tokenized dollars through blockchain rails can deepen the dollar’s international role without relying on traditional banking infrastructure.

Kendrick added that this new form of dollar export could act as a “medium-term offset against the current threat to USD hegemony,” especially in light of rising trade barriers and monetary fragmentation.

With legislation likely to align stablecoins more closely with the U.S. financial system, their influence may grow from a crypto-native tool into a core component of global dollar liquidity and fiscal support.

The post StanChart sees stablecion supply rising to $2T by 2028 following US legislation appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

BitLemons ($BLEM) Set to Dominate 2025: Will Solana’s $244 Breakout and Bitcoin’s $126K Target Create the Perfect Storm?

The post BitLemons ($BLEM) Set to Dominate 2025: Will Solana’s $244 Breakout and Bitcoin’s $126K Target Create the Perfect Storm appeared first on Coinpedia Fintech News The crypto market

BNB Price Eyes Comeback: Can It Regain Momentum and Rally Higher?

BNB price is consolidating above the $665 support zone The price is now showing positive signs and might aim for more gains in the near term BNB price is attempting to recover from the $655 support

XRP Price to Hit New All-Time Highs Soon, Expert Says ‘It’s Realistic’

The post XRP Price to Hit New All-Time Highs Soon, Expert Says ‘It’s Realistic’ appeared first on Coinpedia Fintech News In a recent interview, David Siemer, CEO of Wave Digital Assets,

Luxury Watchmaker Franck Muller Debuts Timepiece With Built-In Solana Wallet

Luxury watchmaker Franck Muller has partnered Solana to launch a limited edition watch, the Franck Muller 41mm Solana Blending High Watchmaking With Web3 Swiss luxury watchmaker Franck Muller has

XRP Price Bounces Back — Can It Reclaim Key Resistance Levels?

XRP price started a consolidation phase above the $2250 zone The price is now rising and might aim for an upside break above $2350 XRP price started a decent increase above the $230 zone The price is

Blockchain Firm Explains Why Ethereum Price Can’t Hold Above $2,700

The Ethereum price is undoubtedly in a better place in recent weeks than it was in the year’s first quarter However, the “king of altcoins” appears to be stuck in a loop — one