Cryptocurrency analyst Geoff Kendrick from Standard Chartered predicts a massive expansion of the stablecoin market, potentially reaching $750 billion. This growth could significantly impact the US Treasury market as stablecoin reserves are largely composed of short-term US Treasury bonds. Kendrick estimates the stablecoin market will more than triple from its current $240 billion by the end of 2026. Factors contributing to this surge include increasing adoption in payments, remittances, and decentralized finance (DeFi). Proposed legislation like the GENIUS Act could further fuel this growth by providing regulatory clarity and fostering institutional investment. However, this shift could also pose risks. Kendrick warns that the financial stability of countries heavily reliant on dollar liquidity could be threatened if a substantial portion of dollar reserves are held within the stablecoin ecosystem, potentially impacting monetary policy. ```