Standard Chartered predicts the stablecoin market will explode to $2 trillion within three years, a tenfold increase. This growth hinges on the passage of US legislation providing a clear regulatory framework for cryptocurrencies.
Analysts at the bank anticipate this expansion will necessitate an additional $1.6 trillion in short-term US Treasury bills held as reserves by stablecoin issuers. This substantial demand could significantly impact the market, potentially requiring the sale of a massive quantity of new T-bills to meet the reserve requirements. The regulatory clarity spurred by US legislation is expected to be the key driver behind this market boom.
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