Standard Chartered Bank: The stablecoin market size may reach $2 trillion by the end of 2028

ChainCatcher news, according to CoinDesk, Standard Chartered Bank stated that the passage of the U.S. stablecoin bill could lead to a significant increase in the supply of stablecoins, with the stablecoin market size expected to grow from the current $230 billion to $2 trillion by the end of 2028. Standard Chartered also noted that the increase in stablecoin supply would have implications for U.S. Treasury purchases and the dominance of the dollar.

Additionally, Standard Chartered believes that the rising demand for dollar-denominated stablecoin reserves will lead to increased demand for the dollar, which in turn could support dollar dominance. It is expected that the stablecoin industry will shift towards the model adopted by USDC issuer Circle.