Stablecoins Set to Scoop Up $1T in T-Bills by 2028: Standard Chartered

In brief

• Standard Chartered projects the stablecoin market cap will reach $2 trillion by the end of 2028.
• That growth could generate $0.8–$1 trillion in new U.S. Treasury bill demand, rising to $2.2 trillion when including Fed purchases, the bank’s analysts said.
• The resulting $0.9 trillion excess demand could allow the Treasury to suspend 30-year bond auctions for three years.