到2028年到2028年，Stablecoin市场将达到2万亿美元

拿一杯咖啡，以吸引专家对不断采用的稳定的采用的看法。由于美元固定的数字资产显示出显着增长，威胁是真实的

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

早上好，美国加密货币商人，欢迎回到另一个多事的星期五。

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

当我们为未来的一天做准备时，让我们喝一杯咖啡，深入研究美国财政部的有趣投影。

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.

美国财政部借贷咨询委员会（TBAC）在其第一季度的2025年报告中预计，Stablecoins可以到2028年达到2万亿美元的市值。

“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.

报告中的摘录中写道：“不断发展的市场动态，结构和激励措施有可能到2028年加速Stablecoins的轨迹，达到〜2万亿美元的市值。”

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

这将构成其目前约2340亿美元的水平占八倍，而在市场上占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，并补充说，这一里程碑可能会在2026年就达到。

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.

美国财政部承认，根据新法规，将要求Stablecoin发行人持有[短期] T-Bills。他们说，这将加强美国国债的需求与采用Stablecoin的相关性。

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

但是，美国财政部还指出，Stablecoin的增长可能会迫使零售银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联系了Max Keizer，后者警告了不断增长的Stablecoin市场。比特币先驱者建议，它可能加剧美国债务水平并破坏美元的价值。

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

Keizer告诉Beincrypto：“ Stablecoins是一家金融临终关怀，菲亚特钱死了。”

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认为，增加的稳定使用量会稀释美元的价值。他认为，使用Stablecoin使用的扩张和增长最终将“使美元致死。” Stablecoins可以取代美元的统治吗？标准特许权重

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

凯泽（Keizer）将斯abalecoins的兴起与增加国债的兴起联系起来，反对减少债务的政治承诺。

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

他补充说：“这也意味着我们的债务在特朗普所承诺的那样上升，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还联系了标准宪章的数字资产研究负责人Geoff Kendrick，他指出了财政部采用了2万亿美元的Stablecoin预测。

“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.

肯德里克告诉Beincrypto：“根据此TBAC的演示，美国财政部正在使用我们的2万亿美元稳定预测来进行自己的投影。

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）预计，在即将到来的美国立法之后，稳定发行会激增。尽管他同意美国财政部的预测，但仍有一个警告，肯德里克（Kendrick）援引了对美国国库法案（T-Bill）市场的影响。

“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.

他补充说：“具体而言，我认为，到2028年底，Stablecoins将从2,300亿美元增加到2万亿美元。这种增长将需要额外的1.6万亿美元的美国T-Bills作为储备金，这就是计划在那段时间内计划的新T-Bill发行。”

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.

同时，在这些项目中，Tether是世界上最大的Stablecoin USDT的发行人，它正在考虑在2025年底或2026年初之前推出仅美国的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首席执行官Paolo Ardoino透露，随着特朗普政府旨在将Stablecoins定位为战略金融工具，并使美国成为全球加密货币领导者，因此正在进行讨论。

“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.

“我们只是我们认为是美国有史以来最好的产品的出口商，即美元，” Ardoino在接受采访时说。

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.

随着预计稳定的采用率越来越多，比特币（BTC）可以从最终的流动性中受益。正如美国最近的加密新闻出版物所指出的那样，机构投资者已经在与传统资产相比，与传统资产相比。当今，图表显示了USDT（蓝色）的市值，该公司占总稳定市值的60％以上。自2023年11月以来，与美联储的流通货币（红色）相比，它已经显着增长，该货币几乎是平坦的。

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

这说明了稳定剂相对于美元的迅速上升，强调了它们在市场上的统治地位。