According to Foresight News, citing Businesslive, the daily trading volume of US dollar stablecoins has exceeded $100 billion since June, significantly surpassing Bitcoin and ETH trading volumes. Based on the quarterly reports of Tether and Circle, out of the total $250 billion in US dollar stablecoins, at least 80% of reserve assets are in US Treasuries, which is equivalent to an additional $200 billion in US Treasury demand.
Standard Chartered predicts that by 2028, the stablecoin market size will drop to $2 trillion, corresponding to a US Treasury demand of $1.2 trillion to $1.6 trillion, making stablecoin issuers the second-largest buyers of US Treasuries after the Federal Reserve.
