The post Standard Chartered Predicts $2 Trillion Stablecoin Boom appeared on BitcoinEthereumNews.com.

Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee to see what Standard Chartered says about stablecoin growth in the face of new legislation that has supposedly spooked Italy’s economy minister and has TradFi giants like JPMorgan wanting in on the action. Stablecoin Volume To Go Berserk, Standard Chartered Says Stablecoins are today’s top US crypto news, drawing context from the recently introduced GENIUS Act and STABLE Act. The bipartisan GENIUS Act balances state and federal oversight, supporting innovation. Specifically, it creates a federal framework mandating 1:1 asset reserves, transparency, and anti-money laundering compliance for issuers. Meanwhile, the STABLE Act reinforces this with strict reserve rules and audits, ensuring stability and consumer trust. These laws aim to protect users while fostering growth in digital currencies, paving the way for secure stablecoin adoption. According to Standard Chartered, the new legislation, which is due for implementation in a few months, could cause stablecoin volume outstanding to go berserk. “The volume of stablecoins outstanding is set to explode after the US passes legislation in a few months from now,” Standard Chartered Head of Digital Asset Research Geoff Kendrick told BeInCrypto. Kendrick says stablecoins will go from $230 billion to $2 trillion by the end of 2028, adding that growth will require an extra $1.6 trillion of US Treasury bills to be held as reserves. “That is all of the planned new Treasury bill issuance over that period,” he added. The Standard Chartered executive is not alone. Italy’s Economy Minister Giancarlo Giorgetti shares the sentiment, anticipating stablecoin growth amid the Trump administration’s deregulation push. European Sovereignty at Risk? Speaking at a financial forum in Milan, Giorgetti expressed deep concern over the rise of US dollar-backed stablecoins and the broader implications…

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Filed under: News - @ April 15, 2025 3:28 pm