According to nic carter, the US Treasury projects that stablecoins could reach a $2 trillion market cap by 2028, positioning them as the largest holders of US Treasuries (USTs). This projection, cited from a recent Treasury report, signals an unprecedented demand for USTs from stablecoin issuers, a trend that could significantly impact crypto market liquidity and the broader DeFi ecosystem. Traders should monitor stablecoin sector growth, as increased Treasury demand may affect yields and influence stablecoin yield strategies, liquidity pools, and institutional adoption in the crypto space. (Source: US Treasury report, home.treasury.gov/system/files/2… via @nic__carter)