[Standard Chartered Bank: Stablecoin Market Cap to Reach $2 Trillion by End of 2028, Bringing $0.8 Trillion to $1 Trillion in New Demand for U.S. Treasuries] BlockBeats News, February 23, according to The Block, Standard Chartered Bank's latest research indicates that stablecoin issuers are likely to become one of the largest buyers of U.S. Treasuries, potentially reshaping the U.S. government's financing methods in the coming years. Analysts led by Geoffrey Kendrick, the bank's Global Head of Digital Assets Research, and John Davies, Standard Chartered Bank's U.S. Rates Strategist, stated that they still expect the market cap of stablecoins to reach $2 trillion by the end of 2028. This expansion will bring approximately $0.8 trillion to $1 trillion in new demand for U.S. Treasuries, as issuers accumulate short-term government bonds as reserve assets. Stablecoin issuers are becoming the largest buyers of U.S. Treasuries. They further added that if the issuance model remains unchanged, this demand could result in approximately $0.9 trillion in excess demand for Treasuries over the next three years.