到2028年到2028年，Stablecoin市場將達到2萬億美元

拿一杯咖啡，以吸引專家對不斷採用的穩定的採用的看法。由於美元固定的數字資產顯示出顯著增長，威脅是真實的

Good morning, US crypto traders, and welcome back to another eventful Friday.

早上好，美國加密貨幣商人，歡迎回到另一個多事的星期五。

As we prepare for the day ahead, let’s take a sip of coffee and delve into an intriguing projection from the US Treasury.

當我們為未來的一天做準備時，讓我們喝一杯咖啡，深入研究美國財政部的有趣投影。

In its Q1 2025 report, the US Treasury Borrowing Advisory Committee (TBAC) projected that stablecoins could attain a market capitalization of $2 trillion by 2028.

美國財政部借貸諮詢委員會（TBAC）在其第一季度的2025年報告中預計，Stablecoins可以到2028年達到2萬億美元的市值。

“Evolving market dynamics, structures, and incentives have the potential to accelerate stablecoins’ trajectory to reach ~$2 trillion in market cap by 2028,” read an excerpt in the report.

報告中的摘錄中寫道：“不斷發展的市場動態，結構和激勵措施有可能到2028年加速Stablecoins的軌跡，達到〜2萬億美元的市值。”

This would constitute a eightfold increase from its current level of approximately $234 billion, with USD-pegged stablecoins dominating (99%) the market.

這將構成其目前約2340億美元的水平佔八倍，而在市場上佔99％（99％）。

MEXC exchange COO Tracy Jin agrees, adding that the milestone may be achieved as soon as 2026.

MEXC Exchange Coo Tracy Jin同意，並補充說，這一里程碑可能會在2026年就達到。

The US Treasury acknowledged that stablecoin issuers would be required to hold [short-dated] T-bills under new regulations. They said this would strengthen the correlation between US Treasury bill demand and stablecoin adoption.

美國財政部承認，根據新法規，將要求Stablecoin發行人持有[短期] T-Bills。他們說，這將加強美國國債的需求與採用Stablecoin的相關性。

However, the US Treasury also pointed out that stablecoin growth could compel retail banks to pay higher interest rates to depositors.

但是，美國財政部還指出，Stablecoin的增長可能會迫使零售銀行向存款人支付更高的利率。

Against this backdrop, BeInCrypto contacted Max Keiser, who warned about the growing stablecoin market. The Bitcoin pioneer suggested it could exacerbate US debt levels and undermine the dollar’s value.

在此背景下，Beincrypto聯繫了Max Keizer，後者警告了不斷增長的Stablecoin市場。比特幣先驅者建議，它可能加劇美國債務水平並破壞美元的價值。

“Stablecoins are a financial hospice where fiat money like the US dollar goes to die,” Keiser told BeInCrypto.

Keizer告訴Beincrypto：“ Stablecoins是一家金融臨終關懷，菲亞特錢死了。”

Keiser argued that increased stablecoin usage dilutes the dollar’s value. In his opinion, the expansion and growth of stablecoin usage will eventually “work the US dollar to death.”Can stablecoins supplant the US dollar’s reign? Standard Chartered weighs in

Keizer認為，增加的穩定使用量會稀釋美元的價值。他認為，使用Stablecoin使用的擴張和增長最終將“使美元致死。” Stablecoins可以取代美元的統治嗎？標準特許權重

Keiser linked the rise of stablecoins to increasing national debt, countering political promises of debt reduction.

凱澤（Keizer）將斯abalecoins的興起與增加國債的興起聯繫起來，反對減少債務的政治承諾。

“It also means that US indebtedness goes up, not down, as Trump has promised,” he added.

他補充說：“這也意味著我們的債務在特朗普所承諾的那樣上升，而不是下降。”

BeInCrypto also contacted Standard Chartered Head of Digital Assets Research Geoff Kendrick, who noted the Treasury’s adoption of their $2 trillion stablecoin forecast.

Beincrypto還聯繫了標準憲章的數字資產研究負責人Geoff Kendrick，他指出了財政部採用了2萬億美元的Stablecoin預測。

“US Treasury is using our $2 trillion stablecoin forecast for their own projection, as per this TBAC Presentation. The tail is really wagging the dog now,” Kendrick told BeInCrypto.

肯德里克告訴Beincrypto：“根據此TBAC的演示，美國財政部正在使用我們的2萬億美元穩定預測來進行自己的投影。

Kendrick anticipates a surge in stablecoin issuance following upcoming US legislation. While he agrees with the US Treasury’s forecast, there is a caveat, with Kendrick citing implications for the US Treasury bill (T-bill) market.

肯德里克（Kendrick）預計，在即將到來的美國立法之後，穩定發行會激增。儘管他同意美國財政部的預測，但仍有一個警告，肯德里克（Kendrick）援引了對美國國庫法案（T-Bill）市場的影響。

“Specifically, I think stablecoins will go from $230 billion to $2 trillion by the end of 2028. That growth will require an extra $1.6 trillion of US T-bills to be held as reserves, and that is all of the planned new T-bill issuance over that period,” he added.

他補充說：“具體而言，我認為，到2028年底，Stablecoins將從2,300億美元增加到2萬億美元。這種增長將需要額外的1.6萬億美元的美國T-Bills作為儲備金，這就是計劃在那段時間內計劃的新T-Bill發行。”

Meanwhile, amidst these projects, Tether, the issuer of the world’s largest stablecoin USDT, is considering launching a US-only stablecoin by late 2025 or early 2026.

同時，在這些項目中，Tether是世界上最大的Stablecoin USDT的發行人，它正在考慮在2025年底或2026年初之前推出僅美國的Stablecoin。

Tether CEO Paolo Ardoino revealed that discussions are ongoing as the Trump administration aims to position stablecoins as strategic financial tools and make the US a global crypto leader.

Tether首席執行官Paolo Ardoino透露，隨著特朗普政府旨在將Stablecoins定位為戰略金融工具，並使美國成為全球加密貨幣領導者，因此正在進行討論。

“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” Ardoino said in an interview.

“我們只是我們認為是美國有史以來最好的產品的出口商，即美元，” Ardoino在接受采訪時說。

With growing stablecoin adoption expected to give more legitimacy to crypto, Bitcoin (BTC) could benefit from the resultant liquidity. Institutional investors are already pivoting to crypto over traditional assets, as a recent US Crypto News publication indicates.Chart of the DayThe chart shows the market cap of USDT (blue), which accounts for over 60% of the total stablecoin market cap. It has grown significantly since November 2023 compared to the Federal Reserve’s currency in circulation (red), which remains almost flat.

隨著預計穩定的採用率越來越多，比特幣（BTC）可以從最終的流動性中受益。正如美國最近的加密新聞出版物所指出的那樣，機構投資者已經在與傳統資產相比，與傳統資產相比。當今，圖表顯示了USDT（藍色）的市值，該公司佔總穩定市值的60％以上。自2023年11月以來，與美聯儲的流通貨幣（紅色）相比，它已經顯著增長，該貨幣幾乎是平坦的。

This illustrates the rapid rise of stablecoins relative to the US dollar, highlighting their increasing dominance in the market.

這說明了穩定劑相對於美元的迅速上升，強調了它們在市場上的統治地位。