Standard Chartered Bank: It is expected that within 3 years, stablecoin issuers will become the second largest buyers of US Treasury bonds, next to The Federal Reserve (FED).

On June 25, Businesslive reported that since June, the daily trading volume of USD stablecoins has exceeded $100 billion, significantly surpassing the trading volumes of Bitcoin and Ethereum. According to Tether and Circle’s quarterly reports, it can be inferred that of the total $250 billion in USD stablecoins, US Treasuries account for at least 80% of the reserve assets, which equates to an additional $200 billion in demand for US Treasuries. Standard Chartered Bank predicts that by 2028, the stablecoin market size will decrease to $2 trillion, corresponding to a demand for US Treasuries of $1.2 trillion to $1.6 trillion, making stablecoin issuers the second largest buyers of US Treasuries after The Federal Reserve (FED).

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