Based on Coinotag, the US stablecoins plan aims to grow the market to $2-4 trillion by 2028-2030 to boost demand for short-term US Treasury bills. However, analysts like JPMorgan project a more modest $700 billion increase due to legal restrictions on interest-paying stablecoins and global pushback. The stablecoin market has already surpassed $300 billion post-GENIUS Act, with Tether and Circle holding $155 billion in T-bills. S&P Global forecasts an additional $50-55 billion in T-bill purchases by year-end.
Analysts Doubt US Stablecoin $2-4 Trillion Target Amid Legal and Global Hurdles
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