Standard Chartered Bank experts predict the growth of the stabilcoin market by 10 times – up to $ 2 trillion – for three years, if the Genius bill is adopted in the United States, which creates a regulatory framework for the release and circulation of stable cryptocurrencies.

“We assess that this will lead to an increase in the volume of stablecoins from $ 230 billion to $ 2 trillion by the end of 2028. This will have consequences for the demand for US Treasury bonds (both a reserve asset) and for the hegemony of the dollar, ”analysts said.

This level of growth will stimulate demand for American treasury bills for $ 1.6 trillion over the next four years – $ 400 billion per year. In this case, the stabilcoin sector can be the largest buyer of US debt papers.

According to Standard Chartered, by 2028, emitted stabelcoin emittenes can hold almost $ 1.75 trillion against $ 150 billion in treasury bills at the moment. The growth of stabiblcoin reserves will increase the demand for the US dollar, which will further strengthen its role in global payments.

Recall that the Genius bill was adopted by the US banking committee of the US Senate in March. The document was transferred unchanged for approval in both chambers of Congress.

Earlier, experts of the ANDREESSEN HOROWITZ (A16ZCRYPTO) venture company compared stablecoons with the most popular WhatsApp messenger in the world and the effect that he had on telephone infrastructure and the Internet.