On March 27, according to The Block, Morgan Stanley analysts stated that yield-bearing stablecoins (which can provide interest returns similar to traditional financial products), including tokenized government bonds, may experience significant growth in the future.

Morgan Stanley Managing Director Nikolaos Panigirtzoglou and other analysts wrote in a report released on Wednesday that yield-bearing stablecoins currently account for only 6% of the total stablecoin market capitalization, but could expand significantly, potentially capturing up to 50% market share unless regulatory changes occur.