The forecast, which was published on Thursday, came amid renewed interest in stablecoins from several governments around the world. The total US dollar-pegged stablecoin market is projected to swell to $1.2 trillion by 2028, spurred on by comprehensive crypto regulations in the United States, according to crypto exchange Coinbase.Coinbase said the projections mean the US Treasury issuance would have to be $5.3 billion per week over the next three years to satisfy demand from stablecoin issuers, who use short-term US Treasury bills as backing collateral for their digital fiat tokens.This issuance schedule would cause a minor and temporary drop in three-month Treasury yields of about 4.5 basis points (BPS), contrary to analyst predictions that demand from stablecoin issuers will significantly reduce the interest on US government debt. Coinbase wrote:Read more The forecast, which was published on Thursday, came amid renewed interest in stablecoins from several governments around the world. The total US dollar-pegged stablecoin market is projected to swell to $1.2 trillion by 2028, spurred on by comprehensive crypto regulations in the United States, according to crypto exchange Coinbase.Coinbase said the projections mean the US Treasury issuance would have to be $5.3 billion per week over the next three years to satisfy demand from stablecoin issuers, who use short-term US Treasury bills as backing collateral for their digital fiat tokens.This issuance schedule would cause a minor and temporary drop in three-month Treasury yields of about 4.5 basis points (BPS), contrary to analyst predictions that demand from stablecoin issuers will significantly reduce the interest on US government debt. Coinbase wrote:Read more