At the Tokyo WebX conference, Arthur Hayes, co-founder of BitMEX, presented a prediction that the USD-pegged stablecoin supply will reach $10 trillion by 2028. This shift promises to significantly impact the global financial system.
Hayes' Stablecoin Forecast
Arthur Hayes projects that the supply of dollars in stablecoins will rise to $10 trillion by 2028. He termed this a 'once-in-a-century' transformation, emphasizing its importance for global monetary structure. Hayes stated, 'The current bull market in digital assets could extend until 2028, driven by $10 trillion in USD stablecoin supply.'
Impact on DeFi and Financial Markets
The anticipated increase in stablecoin supply suggests that the U.S. could leverage DeFi protocols more extensively as major liquidity sources. In this regard, DeFi platforms could markedly improve their position in the financial markets, potentially outpacing traditional banks in liquidity.
Community Reactions and Stablecoins' Future
Discussions within the community and among experts show optimism regarding stablecoins' future. Many experts, including Scott Bessent, support an approach tied to the growth of stablecoins and their influence on U.S. policy. Hayes also noted the potential for stablecoins to surpass the Eurodollar market that was once valued between $10 trillion and $13 trillion.
Arthur Hayes' prediction of stablecoins reaching $10 trillion by 2028 could lead to significant changes in the financial system and greatly enhance the influence of DeFi on the market.
