Standard Chartered: Stablecoin issuers are expected to become the second largest buyers of U.S. Treasury bonds, after the Federal Reserve, within three years

ChainCatcher news, according to Businesslive, since June, the daily trading volume of US dollar stablecoins has exceeded $100 billion, significantly surpassing the trading volumes of Bitcoin and Ethereum. According to the quarterly reports of Tether and Circle, it can be inferred that out of the total $250 billion in US dollar stablecoins, US Treasuries account for at least 80% of the reserve assets, which corresponds to an additional demand of $200 billion for US Treasuries.

Standard Chartered 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.