• Standard Chartered sticks to $2T stablecoin call but trims T-bill impact Standard Chartered slashed its forecast for T-bill demand from stablecoins to $800 billion to $1 trillion by 2028, but maintained its $2 trillion stablecoin market call. • Cointelegraph in your social feed Standard Chartered analysts stuck to their forecast that the stablecoin market will reach $2 trillion by late 2028, despite lowering expectations for short-term US Treasury bill demand. • Stablecoins like Tether’s USDt (USDT) and Circle’s USDC (USDC) are expected to push T-bill demand to $2.2 trillion by 2028, Standard Chartered analyst Geoffrey Kendrick and US rates strategist John Davies said in a Monday report shared with Cointelegraph. • Despite the US dollar stablecoin market capstallingat around $300 billion in recent months amid a broader crypto downturn, the analysts remain bullish since the passage of theUS GENIUS Actin 2025. • “We see these issues as cyclical rather than structural, and we continue to expect stablecoin market cap to reach $2 trillion by end-2028,” Standard Chartered’s report said. • Stablecoins may drive Treasury to issue more bills despite lowered demand According to Standard Chartered, stablecoins are now expected to generate an additional $800 billion to $1 trillion in fresh T-bill demand for use as reserves by late 2028, a hefty reduction from the $1.6 trillionprojectedin April 2025, despite the passage of the GENIUS Act.

Article Summaries:

  • Standard Chartered’s analysts reaffirmed that the global stablecoin market will reach a $2 trillion cap by the end of 2028, even as they cut their earlier estimate of Treasury‑bill demand driven by stablecoins. The bank now projects an additional $800 billion to $1 trillion in T‑bill demand by 2028, down from the $1.6 trillion forecasted in April 2025. Despite the lower figure, analysts still expect the Treasury to issue more bills to meet this demand, citing the 2025 GENIUS Act and Treasury Secretary Scott Bessent’s comments. The report also notes a revised Bitcoin target of $500,000 by 2028, with a 2026 price range of $50,000-$100,000.

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