Stablecoins could drive $1 trillion in T-bill demand, giving Treasury room to shift issuance: Standard Chartered
Standard Chartered said stablecoin growth could generate up to $1 trillion in new T-bill demand by 2028, potentially reshaping issuance.
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Standard Chartered said stablecoin growth could generate up to $1 trillion in new T-bill demand by 2028, potentially reshaping issuance.
The Bank of Korea proposed a bank-led consortium and a statutory interagency body for issuer approvals, citing the US GENIUS Act as a model, according to local media.
Staff said the US regulator would "not object" to broker-dealers counting stablecoin holdings toward their net capital requirements.
The GENIUS Act-compliant stablecoin is geared toward institutional investors in Asia features a programmable layer for agentic AI commerce.
Analysts speculated that a large issuer like Circle might be moving reserve assets en masse into the ETF, but data show otherwise.
The securities regulator has continued its Project Crypto work to make unofficial policy changes as it moved to let broker-dealers treat stablecoins as capital.
The SEC introduced new guidance allowing broker-dealers to apply a “2% haircut” to proprietary positions in certain stablecoins.
ProShares on Thursday launched a money market ETF designed to hold assets that qualify as reserves for dollar-backed stablecoins.
Stablecoin ecosystem A7A5 has faced accusations of sanctions evasion and, according to some analysts, is creating an alternative, sanctions-free financial network.
White House crypto adviser Patrick Witt reportedly refocused crypto and bank lobby talks on a crypto bill to allow stablecoin rewards tied to transaction activity.
Minneapolis Fed President Neel Kashkari says crypto is “utterly useless” compared to AI, and that pro-stablecoin arguments are “a buzzword salad.”
Sanctions evasion networks, guarantee marketplaces, and large-scale money laundering schemes dominated illicit stablecoin use, says TRM Labs.