Standard Chartered projects a $2 trillion stablecoin boom in wake of new legislation

Standard Chartered predicts stablecoin volume will surge to 2 trillion USD by 2028, driven by new legislation. Key measures such as the GENIUS Act and STABLE Act are set to ensure compliance and reserve requirements.

Concerns from Italy highlight potential threats from US-backed stablecoins to European economic sovereignty. Italy’s Economy Minister urges the EU to expedite the digital euro as a countermeasure against these developments.

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