Arthur Hayes: Expects USD Stablecoin Supply to Reach $10 Trillion by 2028, Triggering DeFi Bull Run

BlockBeats News, August 28th, BitMEX co-founder Arthur Hayes recently published an article stating that by 2028, the total supply of USD-pegged stablecoins in circulation is expected to reach at least $10 trillion. This number is significant due to the massive and exponentially growing deficit that the United States must shoulder. The more Bezos finances the government with Treasury bills, the faster the debt accumulates because he must roll over the debt annually.

Therefore, this is a once-in-a-century transformation of the global monetary architecture. "Perhaps, we will never see such an event again in our investment careers. You will never see the foundational pillars of DeFi experience such a bull market, as these foundational pillars are benefiting greatly from the surge of USD-pegged stablecoins."