The stablecoin market is moving towards a trillion dollars, with USDC potentially rising by 77 billion in four years.

[Chain News] PANews reports that according to a recent research report from a certain institution, the stablecoin market is in the early stages of rapid expansion and is expected to become a trillion-dollar industry in the future. Stablecoins are digital tokens backed by the US dollar or US Treasury bonds, and their development is driven by new regulations, while the enormous potential of the payment market also provides ample space for growth.

The agency's analysis pointed out that the current global stablecoin market size is approximately $271 billion, and it is expected to continue expanding at a compound annual growth rate of 40% over the next few years. By 2027, USDC may grow by $77 billion. Data from a payment company shows that the global payment market size is about $240 trillion, of which consumer payments account for $40 trillion.

U.S. Treasury Secretary Scott Bessent previously stated that stablecoins will not only solidify the dollar's status as the global reserve currency but also expand the global reach of the dollar economy and significantly increase demand for U.S. Treasury bonds. The "GENIUS Act" provides a clear regulatory framework for the stablecoin market, aiding its rapid development.