US Treasury Predicts Stablecoin Market Could Surge to $2 Trillion by 2028

The growth of cryptocurrency and digital asset economy has come to expand the Stablescoin market in the United States and abroad, the US Treasury said in a report published on April 30.

THE research Note that there could be an increase of 8.3x compared to the current market capitalization of $ 234 billion in April 2025 to approximately 2 billions by 2028.

“The dynamics of the evolving market has the potential to accelerate the trajectory of stablecoins to reach 2 billions of dollars in market capitalization by 2028.”

Large predictions for future growth

This projection assumes the adoption of the engineering law in the United States, which would establish clear regulatory directives and stimulate the confidence and adoption of the market.

The law on engineering (guiding and establishing national innovation for American stables) defines the “payment stages” as digital assets exchangeable at a fixed value, fixed in Fiat, but not compatible. It also defines reserve rules for stablecoin issuers.

At the beginning of April 2, the Committee of Financial Services of the American Chamber adopted the stable law, which gives the office of the Currency Controller (OCS) the power to approve and supervise “the transmitters of non -bank federal non -banking payment”.

Stablecoin reserve requirements could also stimulate a high demand for short-term US treasury bills, he said. The projections suggest that stablecoin issuers could contain about 1 billion of dollars in t-bills by 2028 if growth reaches expectations.

The Treasury also predicted that Stablecoin transactions could drop from around $ 700 billion per month today to around 6 billions of dollars per month by 2028, or around 10% of the global Forex Spot transactions.

If a regulatory clarity is obtained, the stabbed could become a consumer financial instrument not only for crypto users, but for traditional finance, the corporate treasure and even the sovereign management of liquidity.

For users of emerging markets, Stablecoins offer direct access to US dollars without the need for an American bank account, strengthening the world role of the currency, noted the report.

Perspectives of the ecuptive ecosystem

The current market capitalization of Stablecoin is 244.5 billion dollars, which represents around 8% of the total market capitalization of cryptography, which exceeds a little more than 3 billions of dollars, according to in Coingecko.

The part of the Stablescoin market lion is currently dominated by Tether, which has a share of 61% with 149 billion dollars in circulation.

Circle is second with $ 61 billion in USDC circulation, which gives it a 25% market share, and decentralized USDs (formerly DAI) are third with 3% of the StableCoin market.

Paypal has experienced significant growth for its stablecoin of Pyusd this year. However, it has less than 0.36% market share. The company has teamed up with Coinbase recently to stimulate the adoption of its stable coin at point in dollars.