Overview

• Goldman Sachs forecasts a multitrillion‑dollar opportunity for stablecoins and projects USDC could add about $77 billion through 2027, implying roughly 40% annual growth.
• The bank cites Visa’s estimate of roughly $240 trillion in annual payment volume to argue that mainstream payments could become the largest long‑term use case for stablecoins.
• Treasury Secretary Scott Bessent has stated that one‑to‑one dollar‑backed stablecoins should bolster demand for U.S. government debt, and the Financial Times reported he indicated the government may increase short‑term issuance to meet it.
• A BIS study finds sizable inflows into stablecoins modestly reduce three‑month Treasury yields by about 2 to 2.5 basis points within days, while outflows push yields up two to three times more.
• Skeptics such as UBS’s Paul Donovan contend stablecoins largely reallocate existing money rather than create net new demand for Treasuries.