US STABLECOIN MARKET COULD EXCEED $2 TRILLION PROJECTION BY END OF 2028

Summary from the TLDR Crypto newsletter

The U.S. dollar-backed stablecoin market could surpass $2 trillion by 2028 if legislation like the GENIUS Act passes. The bill, which advanced in the Senate this week, mandates full backing by U.S. treasuries, annual audits for large issuers, and clarity on foreign participation, aiming to reinforce the dollar's global dominance. Backed by President Trump, the Act is catalyzing rapid movement in the sector, with major banks preparing launches and Circle's recent IPO signaling renewed institutional momentum.