Predictions for the stablecoin market growth to $3.7 trillion by 2030 raise doubts due to the lack of official confirmations, creating uncertainty in the sector.
Treasury Secretary's Statement and Verification Gaps
According to ChainCatcher News, U.S. Treasury Secretary Basant predicted stablecoin market growth to $3.7 trillion by 2030 in conjunction with discussions of the GENIUS Act. However, there are no official records confirming these statements. Thus, the assertions of government support remain unverified.
Stablecoin Market and Its Implications
Despite the unverified projections, potential backing from the U.S. Treasury could significantly shift sentiments in the stablecoin market. Without credible data, the implications remain theoretical. Economists and analysts emphasize the need for official statements to meaningfully discuss the GENIUS Act's influence.
Expert Insights and Government Support Confidence
Stablecoins frequently use U.S. Treasuries as reserves; however, official support is crucial for enhancing confidence in this segment. According to CoinMarketCap, Tether USDt trades consistently at $1.00, with a market capitalization of $155.49 billion. Analysts believe that the growth of stablecoins could significantly impact global financial markets if anchored by credible policy changes.
Projections regarding the stablecoin market growth are speculative due to the lack of official information. Without clarity in the government's positions, further assumptions muddle and weaken market trust.
