U.S. Treasury may boost T-Bill issuance as stablecoins eye $2 trillion market cap: StanChart
CoinDesk
by Will CannyFebruary 23, 2026
AI-Generated Deep Dive Summary
The U.S. Treasury may significantly increase its issuance of T-Bills as stablecoins continue to grow in popularity and influence the financial market. According to a report by Standard Chartered, the stablecoin market is projected to reach $2 trillion by 2028, potentially generating up to $1 trillion in new demand for short-term U.S. government debt. This surge in demand could allow the Treasury to boost T-Bill issuance and even halt 30-year bond auctions, easing pressure on long-term yields.
Stablecoins, such as Tether and Circle's USDT and USDC, have become major buyers of T-Bills, using them as reserves to back their tokens. With a combined market capitalization of approximately $300-$320 billion as of early 2026, stablecoin issuers are expected to invest around $0.8-$1.0 trillion in T-Bills by
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Originally published on CoinDesk on 2/23/2026