[Arthur Hayes: Total USD Stablecoins Expected to Reach $10 Trillion by 2028, Triggering a DeFi Bull Market] BlockBeats News, August 28 – BitMEX co-founder Arthur Hayes recently published an article stating that by 2028, the total circulation of USD-pegged stablecoins is expected to reach at least $10 trillion. This figure is so large because of the massive and exponentially growing deficits that the U.S. government must bear. The more Treasury bills Besant uses to finance the government, the faster the debt accumulates, as he must roll over the debt annually. As a result, this represents a once-in-a-century transformation of the global monetary system. 'Perhaps we will never again witness such an event in our investment lifetimes. You will never again see a bull market in DeFi pillar industries like this, as these pillar industries are benefiting from the surge in USD-pegged stablecoins.'