PANews reported on May 17th that, according to Token Terminal data, tokenized government bonds are increasingly becoming an infrastructure product for stablecoin issuers, currently valued at approximately $13.7 billion. USYC ($3 billion), BUIDL ($2.7 billion), and IBENJI ($1.5 billion) are the top three by market capitalization. The platform projects that by the end of 2030, the stablecoin market will grow approximately tenfold, adding about $2.7 trillion in on-chain dollar supply.