According to ChainCatcher, citing CoinDesk, Standard Chartered Bank stated that the passage of the US stablecoin bill could lead to a significant increase in stablecoin supply, with the stablecoin market size expected to grow from the current $23 billion to $2 trillion by the end of 2028. Standard Chartered also noted that the increase in stablecoin supply could impact US Treasury purchases and dollar hegemony.
Additionally, Standard Chartered Bank believes that increased demand for US dollar-denominated stablecoin reserves will lead to additional demand for the US dollar, thereby supporting dollar hegemony, and anticipates that the stablecoin industry will shift towards the model adopted by Circle, the issuer of USDC.
