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CryptoMediumUpdated×2•Originally published 23 February 2026•Updated 23 February 2026•
1 min read

Standard Chartered: Stablecoin Demand May Lead to Suspension of 30-Year Treasury Auctions

Key Facts

1Standard Chartered predicts stablecoin growth could generate up to $1 trillion in new U.S. T-bill demand by 2028.
2The increased demand could provide the U.S. Treasury with flexibility to shift its issuance strategies.

Standard Chartered has maintained its forecast that the total stablecoin market capitalization will reach $2 trillion by 2028. The bank expects this growth to drive demand for U.S. Treasury bills (T-bills) to a range between $800 billion and $1 trillion. According to the report, this surging demand could allow the U.S. government to significantly ramp up T-bill issuance to satisfy market appetite. Crucially, this strategic shift might enable the Treasury to potentially suspend 30-year bond auctions in favor of increased short-term debt issuance. Major issuers like Circle and Tether are already utilizing T-bills as primary reserve assets to ensure liquidity and meet global regulatory standards. This trend highlights a deepening integration between the cryptocurrency ecosystem and traditional finance, providing the U.S. Treasury with enhanced flexibility in managing debt strategies and borrowing costs.