Since June, the average daily trading volume of US dollar stablecoins has exceeded BTC and ETH. Standard Chartered says stablecoin issuers may become the second largest buyer of US bonds within three years.

PANews reported on June 25 that according to BusinessLIVE, the average daily trading volume of US dollar stablecoins since June has exceeded US$100 billion, significantly exceeding the trading volume of Bitcoin and Ethereum. According to the first quarter reports of Tether and Circle, among the total US$250 billion stablecoins, US bonds account for at least 80% of reserve assets, which is equivalent to an additional US$200 billion in US bond demand. Standard Chartered Bank predicts that the stablecoin market size will drop to US$2 trillion by 2028, corresponding to US$1.2 trillion in demand for US dollars to US$1.6 trillion. Stablecoin issuers will become the second largest buyer of US dollars after the Fed.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.