Bell Curve
The US Treasury’s Stablecoin Report, TradFi’s Crypto Adoption, and Ethereum’s New Era | Roundup
May 2, 2025
The discussion kicks off with insights on the U.S. Treasury’s stablecoin report and the supportive growth trends for stablecoins, aiming for a $2 trillion market. The revival of San Francisco’s tech scene post-COVID is highlighted, alongside the evolving relationship between traditional finance and crypto. Ripple's acquisition strategy is explored, emphasizing transparency challenges. With Ethereum's strategic repositioning and Vitalik's ground-breaking proposal, the conversation probes the future of blockchain dynamics against a backdrop of shifting market sentiments.
54:29
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Quick takeaways
- The U.S. Treasury's stablecoin report suggests that international markets will be the main drivers of stablecoin growth, potentially reaching $1.5 trillion by 2028.
- The rise of stablecoins could compel U.S. banks to reevaluate their deposit offerings and interest rates to remain competitive against yield-bearing options.
Deep dives
Global Growth of Stablecoins
The expansion of stablecoins is poised to be predominantly driven by markets outside the United States. Analysts predict that of the projected $2 trillion in stablecoin market cap by 2028, approximately $1.5 trillion will stem from international sources. This trend suggests that regions lacking access to traditional financial services will rely heavily on stablecoins for transactions and financial stability. Therefore, the growth trajectory of stablecoins is expected to surge due to greater user demand beyond the U.S.
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