The bid was rejected as too low. This left investors and beginners wondering about the stablecoin market’s future.
A Clash of Stablecoin Titans
The bid was rejected. pic.twitter.com/xA6ZTpKNwW
— Cointelegraph (@Cointelegraph) April 30, 2025
More About Stablecoins
For the first time, the Treasury Borrowing Advisory Committee (TBAC) has acknowledged stablecoins as a “new payment mechanism” and a potential game-changer for US Treasury Bills (T-Bills) demand. Currently, stablecoin issuers hold over $120 billion in T-Bills, and the rapid growth of stablecoins could drive an additional $900 billion in demand, which would significantly impact the $6.4 trillion T-Bill market.
So, if stablecoins continue to expand at an exponential rate, the demand for US Treasuries is expected to rise in tandem, potentially reducing the need for traditional bank deposits. Experts predict that stablecoins could reach a $2 trillion market cap by 2030, fueled by regulatory advancements and market developments.
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