BlockBeats News, April 15th, a Standard Chartered Bank analyst stated that due to the expectation of the U.S. enacting formal legislation to regulate the industry, the total supply of stablecoins may surge nearly tenfold by the end of 2028, increasing from the current approximately $230 billion to $2 trillion.

The analyst noted that this level of growth will over the next four years stimulate demand for U.S. short-term Treasury bills worth $1.6 trillion — enough to absorb all expected new short-term Treasury bills issued during President Trump's second term.

The analyst stated: "We estimate that the stablecoin industry will need to purchase $1.6 trillion in Treasury bills over the next four years (or $400 billion annually), suggesting that the industry could become the largest source of buying flow for all U.S. Treasuries." "Based on trends post the COVID-19 pandemic in the past four years, the only demand of a similar scale comes from foreign buyers, but this demand is spread across Treasury bills, notes, and bonds."