Treasury Secretary Predicts $2 Trillion Stablecoin Market By 2028

In a Senate Appropriations Committee hearing, U.S. Treasury Secretary Janet Yellen offered strong support for legislation aimed at regulating stablecoins. The GENIUS Act, which seeks to expand the U.S. stablecoin ecosystem, is projected to push the market value of USD-backed stablecoins to $2 trillion by 2028. Yellen expressed confidence in this figure and believes it could even surpass that target.