#StablecoinPayments The US Treasury in a new report acknowledged a significant growth in the capitalization of stablecoins in the coming years. According to officials, market dynamics could create conditions for the growth of the figure from the current $244.6 billion to $2 trillion by 2028. The authors of the report noted that stablecoins are already 'widely used as cash in the blockchain, effectively acting as a new payment mechanism.'Treasury Report

What else is known? Furthermore, the emergence of tokenized money market funds 'created an alternative to stablecoins, primarily due to their yield,' the report states.