Stablecoins will “save the US dollar” by supporting the national currency’s value, according to Eric Trump, son of the current president. He expressed this view recently.
The crypto entrepreneur particularly highlighted USD1, a “stablecoin” from the DeFi project World Liberty Financial, controlled by the Trump family.
Back in February, Federal Reserve Board member Christopher Waller suggested that regulated stablecoins could “expand the dollar’s influence globally” and strengthen its status as a reserve currency.
In April, LayerZero Labs founder and CEO Bryan Pellegrino stated that “stablecoins” are the best tool for the US government to maintain the dollar’s hegemony in global financial markets.
According to Blockstreet co-founder Kyle Klemmer, by the end of Donald Trump’s second term in 2028, USD1 will dominate the segment, surpassing USDT and USDC in market capitalization.
Meanwhile, Citigroup analysts have raised their forecast for the “stablecoin” market volume by 2030. They estimate it will reach $1.9 trillion in a base scenario and $4 trillion in a bullish scenario.
JPMorgan considers such estimates overly optimistic. The financial institution’s strategists expect a capitalization of $500 billion by 2028.
Citigroup also noted that corporations prefer tokenized assets, with transaction volumes potentially surpassing those of stablecoins by 2030.
Pilot of Tokenized Deposits in the UK
The UK Finance group has launched an industry pilot project to conduct the first real transactions with tokenized deposits in the UK. The initiative will run until mid-2026, with participants including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander.
The project’s goals include providing tokenized deposits and programmable payments for three use cases:
- Payments between individuals via online platforms: reducing fraud and increasing trust between buyers and sellers;
- Mortgage refinancing processes: enhancing transparency, speeding up transactions, and reducing fraud risk in property documentation;
- Settlements using digital assets: connecting clients’ tokenized money to digital assets for seamless exchange.
Analysts at JPMorgan believe that the anticipated wave of stablecoin launches in the US could turn into a zero-sum competition.