Why is the United States so urgent?
Stablecoins are rapidly changing the global financial landscape
"Stablecoins" are becoming a support point for the US dollar
and a new source of demand for US short-term debt
For example, Tether has joined the ranks of major holders of US debt
Due to proposed legislation requiring stablecoin holders to hold short-term US debt,
this has created a new source of demand for US debt.
Jim Reid, Head of Global Macro and Thematic Research at Deutsche Bank,
mentioned in a recent report:
Stablecoins are expanding at an unprecedented speed
Corporate finance executives have felt the wave of change.
Reid stated:
I attended a corporate finance conference on the US West Coast this week
All CFOs have noticed the increase in stablecoin transactions in their businesses
This is a growing market.
The so-called "stablecoin" is a type of digital asset
where more than 99% of the market value of stablecoins is pegged to the US dollar
it actually plays the role of supporting the US short-term debt market
money market funds, such as Tether,
have joined the ranks of major holders of US debt.
Currently, the United States is accelerating the advancement of stablecoin regulatory legislation
with tangible applications for payments being a significant use case (RWA track)
Regulation may open the door for broader adoption in payments
Recently, the GENIUS stablecoin bill was rejected
but Deutsche Bank expects significant progress on this bill this year.
Analysts believe that the potential of the stablecoin market is enormous
Payment applications could lead to wider acceptance of crypto infrastructure
Citi expects that in the long term, the potential market size of stablecoins is vast
with a baseline and optimistic scenario reaching $1.6-3.7 trillion by 2030.
