FEATURED NEWS: Goldman Sachs analysts predict that there will soon be a veritable "gold rush" for stablecoins. According to the banking giant, the stablecoin market could reach trillions of dollars in the coming years and sit at the heart of the financial market.
Goldman Sachs specifically predicts that the market value of USDC, issued by Circle, will rise to 77 billion dollars by the end of 2027.
Currently, the global stablecoin market is approximately 271 billion dollars in size. Analysts note that the increase in market share of USDC on Binance and other major platforms will be effective in its growth.
The Genius Act, which was recently passed in the US to regulate the issuance of stablecoins, is also considered one of the factors that will accelerate the sector's development.
According to Goldman Sachs, the largest long-term use case for stablecoins will be payments. However, currently, tokens are mostly used in crypto trading transactions. Additionally, the demand for stablecoins is largely driven by dollar investments outside the US.
US Treasury Secretary Scott Bessent, who shares a similar view, stated that the dollar-backed stablecoin market could reach trillions of dollars.
According to Bessent, legal regulations will promote the use of stablecoins, and therefore a market size of 2 trillion dollars seems like a reasonable target.