TLDR Tech / Crypto
Stablecoins Could Create $1T in New T-Bill Demand by 2028
Standard Chartered projects stablecoin market cap could reach $2 trillion by 2028, generating $0.8 to $1 trillion in incremental demand for short-term US Treasury bills as regulated issuers accumulate high-quality liquid assets under frameworks like the GENIUS Act. If realized, that demand could allow the US Treasury to shift issuance toward bills and potentially suspend 30-year bond auctions for up to three years.
Read the full story