#StablecoinPayments The US Treasury in a new report acknowledged a significant increase in the capitalization of stablecoins in the coming years. According to officials, market dynamics could create conditions for the indicator to grow 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 serving as a new payment mechanism."Treasury Report

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