Standard Chartered predicts: Stablecoin volume to reach $2 trillion by 2028
Date: 2025-04-16 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
According to Standard Chartered analysts, the total volume of stablecoins in circulation could grow almost tenfold by 2028, from the current $230 billion to $2 trillion. The main driving force will be the adoption of regulatory legislation in the US, which has already been approved by the Senate Banking Committee in March 2025 and will likely be finally approved in the summer.
The bank's experts note that such a significant increase in the volume of digital assets will affect not only the cryptocurrency market, but also more traditional financial segments. In particular, a sharp increase in demand for US Treasury bills is expected - up to $1.6 trillion over the next four years, that is, approximately $400 billion annually. This will make the stablecoin industry the largest buyer of US government debt instruments among all financial sectors.
The growing interest in stablecoins is closely related to the need to form reserves secured by stable assets. In most cases, US Treasury bonds are used as such reserves, which, according to analysts, helps strengthen the position of the dollar on the global stage.
Standard Chartered analysts also emphasize that the expected growth of stablecoin reserves can strengthen the role of the US dollar as the main global settlement currency. Even against the backdrop of possible geopolitical tensions and increasing competition from other countries, the dollar is likely to maintain its dominant position due to the growing influence of stablecoins.
Thus, the introduction of a regulatory framework for stablecoins in the United States can not only stimulate the development of the crypto industry, but also have a tangible impact on macroeconomic processes, strengthening the country's financial system and the role of the dollar in international trade.
