It is estimated that this market could exceed the USD 2 billion for the year 2030. According to the committee, the stablecoins could move bank deposits. According to a recent presentation of the Treasury Indebtedness Advisory Committee, the main stablecoins issuing in the United States already have more than USD 120 billion in Treasury Bonds. This volume reflects the growing weight that projects such as USDT and USDC are acquiring in traditional financial markets. The report warns that the rapid growth of stablecoins, added to market volatility, It could generate additional demand of up to USD 900 billion. They argue that, if these projects grew exponentially, the demand would be correlated and would probably be given at the expense of bank deposits, as users could prefer these alternatives to traditional accounts, especially in contexts of low interest rates or economic instability. From the Committee they affirm that this change could alter the balance of the financial system, affecting the liquidity of the banks and their ability to grant loans. In addition, the report underlines the risks associated with the confidence of projects such as USDT and USDC. They speak that a possible loss of parity with the dollar or a generalized fall in user confidence could trigger massive sales of treasure bonds by the emitters, in order to cover reimbursement requests. This, according to the Treasury Advisory Committee, would generate volatility in the bond market and, potentially, in global finances.
Projects like USDT and USDC already move thousands of millions … and could go for more. Source: @Zerohedge. According to the projections of the document, The Stablecoins market could reach a value of USD 2 billion dollars by 2030promoted by «continuous advances in the market and regulatory developments.» This growth is benefited by the growing adoption of stable currencies in sectors such as decentralized finances (DEFI), cross -border payments and digital trade, where they offer stability against the volatility of other cryptocurrencies. In a context in which more and more agencies and authorities are putting their eyes on the so -called stable currencies, Jerome Powell also referred to their role within the economy. During his speech at the Economic Club of Chicago, the president of the Federal Reserve adopted a cautious but open posture in the face of a possible more flexible regulatory framework For these assets, recognizing their progressive integration in key sectors of economic activity. Although he reiterated that the priority remains the protection of the consumer and the stability of the banking system, he also admitted that the lack of current regulation represents a risk that must be approached urgently. Meanwhile, the Bag and Securities Commission (SEC) has taken important steps to clarify its position on the stablecoins. In a recent evaluation, the agency established a new category called «Stable Covers,» reserved exclusively for those who maintain a parity 1: 1 with the dollarthey are backed by liquid and low risk assets, and are used only as a means of payment or value protection. According to this definition, projects such as USDC could be outside the jurisdiction of the SEC.