Usage of the digital assets is growing rapidly, but concerns remain about supervision and their impact on other parts of the financial system. Investment bank Standard Chartered has forecast there could be some $2tn of stablecoins in circulation by the end of 2028, from around $250bn now.
“The dollar is still the dollar, whether we like it or not. And it is still the most desired currency to hold because of how much trade is done in the US dollar," said Mansa Co-Founder Nkiru Uwaje"