Standard Chartered's research forecasts that stablecoin market capitalization will reach $2 trillion by the end of 2028. This growth is expected to generate $0.8 to $1 trillion in new demand for U.S. Treasuries as stablecoin issuers accumulate these bonds as reserves. The bank warns that stablecoins could become one of the largest buyers of U.S. government debt, potentially reshaping U.S. Treasury financing.