Arthur Hayes "Dollar stablecoins to reach at least 10 trillion dollars in circulation by 2028"

Arthur Hayes, co-founder of BitMEX, offered an optimistic outlook on dollar-pegged stablecoins.

On the 27th (local time), Hayes wrote on his Medium, "The total circulation of dollar-pegged stablecoins will reach at least 10 trillion dollars by 2028," emphasizing, "This is a once-in-a-century financial structural change."

He diagnosed that "the more the U.S. Treasury issues government bonds to cover government spending, the greater the annual burden of debt repayment becomes, which in turn accelerates the pace of debt accumulation. In such a structure, dollar-based stablecoins are bound to expand exponentially, and this is a fundamental shift in the global monetary order."

Hayes also predicted that "the explosive growth of dollar stablecoins will bring a bull market to the DeFi market that will be hard to come by again."