The stablecoins, these cryptos backed by real assets, could see their offer increase spectacularly, reaching $ 2,000 billion by 2028, according to a recent analysis. Currently valued at around $ 230 billion, this market could thus be multiplied by ten in the coming years, carried by imminent legislation in the United States.
The rise of stablecoins
At a time when Binance ends the USDT in Europe, the “Guiding and Establishing National Innovation for US Stablecoins” bill (Genius Act), recently adopted by the Banking Committee of the US Senate, is expected to enter into force this summer. This legislation should formalize the regulatory framework for stablecoins, thus providing legitimacy and security to the sector. According to Geoffrey Kendrick, global manager of Crypto asset research at Standard Charterd, the generalized adoption of Stablecoins will be accelerated.
In addition, the growth of stablecoins will result in increased demand for American treasury bills. Analysts provide that the sector will have to buy $ 1,600 billion in T-bills over the next four years, a sufficient volume to absorb the whole issue of good planned during the second term of Donald Trump. This situation could make stablecoins one of the largest engines of demand for titles from the American treasury.
Economic implications and risks for the hegemony of the dollar
The Circle reserve model, used to support the stablecoin USDCcould become the norm for crypto industry. This model, which is based on short -term obligations of the US government, should see the industry accumulate nearly $ 1,750 billion in treasury bills by 2028.
In addition to economic implications, the rise of stablecoins could strengthen the position of the US dollar, thus supporting the “USD hegemony” in the world trade. However, long -term risks exist, especially if stablecoins are diversifying towards other currencies or baskets of currencies, which could affect the domination of the dollar.
The rise of stablecoins, stimulated by favorable legislation, will transform the global economy, strengthening the demand for T-Bills and consolidating the hegemony of the dollar. However, the risks associated with diversification towards other currencies could in the long term erode this dominance, thus redefining global financial dynamics.
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