The US dollar-pegged stablecoins were on track to reach an integrated market capitalization of approximately $ 2 trillion by 2028, according to a Q1 2025 Q1 2025 report.
The Cumulative Market Cap of Stablecoins is currently standing at nearly $ 230 billion, but the “(E) formation of the Dynamics market (have) the potential to acce Says In the April 30 report.
A stablecoin is a cryptocurrency whose value is turned into a traditional owner such as the US dollar. According to the report, such tokens are “ubiquitously used as ‘cash on-chain,’ effectively serving as a new payment mechanism.”
In addition, the emergence of “Tokenized (Money Market Funds) recently created an alternative choice in Stablecoins, especially given their yield feature,” the report read.
Related: Stablecoins boosts demand for us T-Bills: Treasury Dept
Embrace tokenization
The report is the latest example of how the US government embraces blockchain technology, especially after US President Donald Trump began his second office term on January 20.
The treasury before Promoted cryptocurrency in DecemberIt is noted that the technology promises to create a “new infrastructure in the financial market,” potential Increasing global demand for US Treasury bills. US dollar-pegged stablecoins like tether (USDT) and USDC (USDC) Invest Fiat that supports instruments that carry produce such as the US Treasurys.
“(B) Ecause Most Stablecoin Collateral has been reported consisting of any of the Treasury’s bills or transactions in the re -purchase of Treasury, the growth of stablecoins is likely to result in a modest increase in demand for short -dated security security,” Treasury said in December.
In its April report, the Treasury said Stablecoin’s pending law would “require Stablecoin providers to handle (short-dated) T-bills,” thus strengthening the link between the adoption of Stablecoin and the demand of the US bill.
The report also noted that the proliferation of stablecoins could put pressure on retail banks to pay higher interest rates on depositors.
Until April 25, Tether’s USDT is the dominant stablecoinwhich regulates approximately 66% of the market sharing, according to a report by researcher Nansen.
The token has a market capitalization of approximately $ 150 billion, According to In coingecko. The USDC of the Circle is second, with a market capitalization of approximately $ 60 billion until April 30th.
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