PANews reported on May 23 that according to OKG Research, the global stablecoin market has entered a period of accelerated compliance driven by the positive progress in stablecoin legislation in the United States and Hong Kong this week. According to Standard Chartered's forecast model, if widely adopted by institutions and individuals, the global stablecoin supply may reach 3 trillion US dollars in 2030, and the annual transaction volume will exceed 100 trillion US dollars. The current market value of stablecoins is nearly 250 billion US dollars, and the transaction volume has exceeded 3.7 trillion US dollars since the beginning of the year.

OKG Research also pointed out that if 50% of the stablecoin reserves are allocated to short-term U.S. Treasuries in the future, the issuer's demand for U.S. Treasuries may reach 1.5 trillion U.S. dollars, and the proportion of total short-term U.S. Treasuries will increase from the current 3.2% to more than 20%, close to the level of overseas sovereign holdings of China, Japan and other countries.