Coinbase Foresees 300% Surge in Stablecoin Market Cap to $1.2 Trillion by 2028

Coinbase Foresees 300% Surge in Stablecoin Market Cap to $1.2 Trillion by 2028

US-based cryptocurrency exchange Coinbase anticipates a significant surge in the stablecoin market cap, which could touch $1.2 trillion by 2028, a 300% rise from the current level. What Happened: The forecast is based on a model that considers factors such as the volume of US Treasuries issued, as stablecoins are typically backed by US dollars or Treasuries. As per Coinbase’s report, this growth doesn’t necessitate large or permanent rate disloc…