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Benzinga

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Bibhu Pattnaik

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

Coinbase Crypto United States Bitcoin

Bitcoin,Wallet,-,Coinbase,App,On,Smartphone,Screen.,Bitcoin,Wallet

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.

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