Stablecoins May Reshape U.S. Treasury Market At $750bn Threshold, Says Standard Chartered.

Stablecoins could begin transforming traditional finance once the market reaches $750 billion, according to Geoff Kendrick, head of digital assets research at Standard Chartered.

In a recent note, Kendrick said such a tipping point could significantly impact U.S. Treasury markets, debt issuance, and monetary policy due to rising demand for government securities.

The stablecoin market currently stands at $240 billion but may more than triple by 2026, driven by wider adoption and regulatory clarity. The proposed bipartisan GENIUS Act could accelerate this growth. As stablecoins are often backed by U.S. Treasury bills, their expansion may disrupt conventional fixed-income markets

Jamie Dimon Says JPMorgan To Get More Involved With Stablecoins.

JPMorgan CEO Jamie Dimon said the bank plans to expand its involvement in stablecoins, even as he questioned their advantages over traditional payment systems.

His remarks come as stablecoins gain momentum globally, especially for faster, cheaper cross-border transactions in emerging markets. Despite Dimon’s crypto skepticism, JPMorgan has embraced blockchain through Kinexys (formerly Onyx) and now settles $2 billion daily using JPM Coin.

The bank also recently tested a deposit token, JPMD, on Coinbase’s Base network. Dimon noted fintechs are smartly leveraging stablecoins and blockchain to challenge traditional banking by building alternative payment systems and digital banking services.

Citigroup CEO Confirms The Bank Is ‘Looking At The Issuance Of A Citi Stablecoin’.

Citigroup CEO Jane Fraser said the banking giant is actively developing digital asset capabilities, including exploring the potential launch of its own stablecoin.

However, she made it clear that tokenized deposits currently represent the more immediate focus.

Fraser added that these innovations are helping Citi modernize internal operations, unlock new revenue streams, and acquire clients.

Fraser’s comments come as stablecoins are having a moment this year within the digital assets sector. More crypto firms and traditional banks are jumping into the stablecoin sector, as they are increasingly used for trading and cross-border payments.

Gaming Studio Snail Explores Developing U.S. Dollar Stablecoin.

Snail Games, a publicly-traded video game studio, said on Tuesday that it is mulling the development of its own U.S. dollar stablecoin.

The company is evaluating the technical, legal, and financial hurdles to issuing a proprietary stablecoin, according to a press release.

To support the effort, Snail retained George Cao, founder of the crypto exchange AscendEX, as an external consultant. The company has also engaged a crypto-focused law firm to help navigate compliance challenges.

Notably, no firm timeline has been set, and the initiative remains exploratory.