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Standard Chartered: The stablecoin market size may increase to $2 trillion by the end of 2028.
Standard Chartered Bank said that the passage of the U.S. stablecoin bill could lead to a significant increase in the supply of stablecoins, and it is expected that the stablecoin market size could grow from the current $230 billion to $2 trillion by the end of 2028. In addition, Standard Chartered also said that the increase in the supply of stablecoins has an impact on US Treasury bond purchases and dollar hegemony. (The Block)