Odaily Planet Daily News Standard Chartered Bank said that the passage of the US Stablecoin Act may lead to a significant increase in the supply of stablecoins. It is expected that by the end of 2028, the size of the stablecoin market may grow from the current US$230 billion to US$2 trillion. In addition, Standard Chartered also stated that the increase in the supply of stablecoins has an impact on US Treasury purchases and US dollar hegemony.
In addition, Standard Chartered Bank believes that the increase in demand for stablecoin reserves denominated in US dollars will lead to additional demand for the US dollar, which can then support US dollar hegemony. It is expected that the stablecoin industry will turn to the model adopted by USDC issuer Circle. (The Block)