PANews reported on May 23 that according to OKG Research, driven by positive progress in stablecoin legislation in the United States and Hong Kong this week, the global stablecoin market is entering an accelerated compliance period. Based on the Standard Chartered prediction model, if widely adopted by institutions and individuals, the global stablecoin supply may reach $3 trillion by 2030, with annual transaction volume exceeding $100 trillion. Currently, the stablecoin market capitalization is nearly $250 billion, and the transaction volume has already surpassed $3.7 trillion since the beginning of the year.
OKG Research also pointed out that if 50% of future stablecoin reserves are allocated to short-term U.S. Treasury bonds, the issuers' demand for U.S. Treasury bonds may reach $1.5 trillion, increasing the proportion of short-term U.S. Treasury bonds from the current 3.2% to over 20%, approaching the overseas sovereign holdings levels of countries like China and Japan.
