Arthur Hayes "Dollar-pegged stablecoins will have at least $10 trillion in circulation by 2028"

Arthur Hayes, co-founder of BitMEX, offered an optimistic outlook on dollar-pegged stablecoins.

On the 27th (local time), Hayes wrote on his Medium that "the total circulation of dollar-pegged stablecoins will reach at least $10 trillion by 2028," emphasizing "this is a once-in-a-century financial structural change."

He argued that "the more the U.S. Treasury covers government spending by issuing government bonds, the greater the annual debt repayment burden becomes, which in turn accelerates the pace of debt accumulation. In such a structure, dollar-based stablecoins are bound to expand exponentially, and this is a fundamental shift in the global monetary order."

Hayes also predicted that "the DeFi market, which benefits from the explosive growth of dollar stablecoins, will enter a bull market that will be hard to come by again."