Stablecoin Adoption: Impacting U.S. Monetary Policy, Demand for Dollar Assets Expected to Surge

A recent speech by Federal Reserve Governor Stephen Miran has highlighted the increasing impact of stablecoins on US monetary policy. As part of a presentation at the BCVC Summit NYC in November 2025, Miran predicted that stablecoin adoption could reach between $1 trillion and $3 trillion by 2030, potentially influencing how the Federal Reserve manages its policies. The growth of this market, driven by factors like DeFi applications and institutional investment, may significantly impact interest rates, loanable funds and demand for US dollar assets.