Standard Chartered: It is expected that within 3 years, stablecoin issuers will become the second largest buyers of US bonds after the Federal Reserve

Odaily Planet Daily News: Since June, the daily trading volume of US dollar stablecoins has exceeded $100 billion, significantly exceeding the trading volume of Bitcoin and Ethereum. According to the first quarter reports of Tether and Circle, among the total $250 billion of US dollar stablecoins, US bonds account for at least 80% of reserve assets, which is equivalent to an additional $200 billion in US bond demand. Standard Chartered Bank predicts that by 2028, the size of the stablecoin market will decrease to $2 trillion, corresponding to a demand for US bonds of $1.2 trillion to $1.6 trillion. Stablecoins issuers will become the second largest buyers of US bonds after the Federal Reserve. （BusinessLIVE）