Standard Chartered Reaffirms $2T Stablecoin Call, Trims T-Bill View

Standard Chartered analysts reaffirmed their long-term forecast that the stablecoin market capitalization will reach $2 trillion by the end of 2028, viewing recent market stagnation as cyclical. However, they significantly trimmed their projection for short-term US Treasury bill (T-bill) demand driven by stablecoins, reducing the estimate from $1.6 trillion to a range of $800 billion to $1 trillion by late 2028. Despite this reduction, the analysts suggest that this potential demand, combined with the Federal Reserve's reserve management purchases, could still prompt the US Treasury to issue more T-bills, citing statements from Treasury Secretary Scott Bessent. The bank also previously expected Bitcoin to hit $500,000 by 2028, though they recently lowered their 2026 BTC price target from $150,000 to $100,000.

(Source：Cointelegraph)