Goldman Sachs specialists estimated that the Stablecoins market is worth billions, more than that of many cryptocurrencies together.
The rise of stable currencies (Stablecoins) could trigger a deep transformation both in the American treasure bond market and in the crypto industry itself. In fact, for Goldman Sachsa new one is coming “Gold Fever” linked to these assets.
According to Financial Times, US Treasury Secret Key demand engine for government debt.
The impact of stablecoins on markets
Besent had already expressed in July that the growth of the stablecoins, backed 1 to 1 with dollars or bonds, will not only consolidate the position of the dollar as a global reserve currency, but also expand its access throughout the world and strengthen the price of debt instruments.
This scenario is underpinned by the Genius Law, which seeks to harmonize the state and federal regulation of these currencies, providing normative clarity to a rapid expansion market.
In this context, Goldman Sachs believes that the sector is about to enter a “gold fever”. A Bank’s research report, signed by analyst Will Nance, estimates that the Stablecoins market, currently valued in U $ 271,000 millioncould grow exponentially in the coming years.
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The forecast points to an increase of USDC USDC between 2024 and 2027, which implies an annual growth rate of 40%. The total opportunity is much greater: Visa calculates a potential market for global payments of US $ 240 billion annuallywhere the stablecoins barely looked out the surface.
Diversification of uses
Until now, the use of stablecoins is concentrated in the cryptocurrency trade and in the demand for exposure to the dollar outside the US, but Goldman Sachs expects that True expansion will arrive in B2B, P2P and consumption paymentsa practically unexplored terrain for these digital instruments.
However, the impact on the bond market is not exempt from controversy. A study by the International Payment Bank suggests that Stablecoins flows tend to reduce the yields of short -term bonds, although the outputs cause an even greater adverse effect.
For its part, Paul Donovan De UBS was skeptical, arguing that the stablecoins do not create new real debt demand, but redistribute the existing liquidity.
Despite these doubts, the predominant narrative in Wall Street is clear. With regulatory support, growing global adoption and an obvious utility in payments, Stablecoins could become the Next great catalyst both for the digital financial ecosystem and for the US debt market.
Source: Ambito
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