Summary
- Standard Chartered predicted that if the stablecoin market grows to $750 billion, a structural reshaping of the U.S. Treasury market is possible.
- Analyst Kendrick analyzed that since a significant portion of stablecoin reserves is invested in U.S. short-term Treasury bonds, market expansion could directly impact Treasury demand.
- He pointed out that while the Genius Act could enhance regulatory clarity and drive market growth if passed, there are also rising concerns over financial stability in some countries.
According to the cryptocurrency-focused media outlet CoinDesk on the 15th (local time), Geoff Kendrick, a digital asset analyst at Standard Chartered, predicted that "if the stablecoin market grows to a scale of $750 billion, the U.S. Treasury market could undergo a structural overhaul."
He analyzed, "Since a considerable portion of stablecoin reserves is invested in U.S. short-term Treasury bonds, an expansion of the market could directly affect the structure of Treasury demand."
In particular, he expects that if the 'Genius Act', a stablecoin regulatory bill currently under discussion in the United States Congress, passes, regulatory clarity will promote further market growth.
Kendrick added, "The current stablecoin market size is about $240 billion, but it could more than triple by the end of 2026."
However, he warned that as stablecoins become increasingly reliant on global dollar liquidity, concerns over financial stability may grow in some countries.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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