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Goldman Sachs and US Finance Minister Scott Bensten Expect a stable rush of gold, conditioned by new provisions and huge potential for expanding the payment market. Stablecoins, which need to be supported by US dollars or treasures, could strengthen the demand for government bonds, although some claim that this is most redistributing money instead of increasing net demand for debt.
US Department of Finance Secretary Scott Besten, believes Financial TimesS “Bestent has signaled to Wall Street that he expects stable, digital tokens that are supported by high quality securities such as treasures, to become an important source of searching for US government bonds,” Ft Reported.
Thehe Ft ‘S sources requested anonymity, but there was no need to be COY: BESSENT said in a July press statement that it was expecting the search for cryptocurrencies – from 1 to 1 with US dollar instruments – to support the price of the bonds:
“This innovative technology will strengthen the dollar status as a global reserve currency, expand access to the dollar economy for billions around the world and lead to a jump in the demand for US cables that are back.
The Genius Act, announced last month, “aligns state and federal stable frameworks, guaranteeing fair and consistent regulation across the country,” the White House said at that time.
So, how big will this be?
Goldman Sachs believes we are at the beginning of a stable Gold Rush, according to a research document published today by Will Nance and others at the bank.
“Stablecoins are a $ 271 billion global market and we believe USDC [the stablecoin issued by Circle] The benefits of raising the market share within the framework and exclusion of the partner’s platform Binance, as continuing Stablecoin legislation legitimizes the ecosystem, and the crypto ecosystem is expanding, also potentially catalyzed by the legislation. Based on current trends and initiatives, we see $ 77 billion growth in USDC or 40% CAGR, from 2024-27e, “they wrote.
The potential common market is stable in trillions, says Goldman. “Visa size address payments for ~ 240 trillion dollars annual payment volume, with consumer payments representing ~ $ 40 trillion annual expenses. B2B payments contain approximately ~ $ 60 billion, while P2P payments and payments include the rest.