According to Standard Chartered, the passage of the US stablecoin bill could lead to a significant increase in stablecoin supply, with the stablecoin market expected to grow from the current $230 billion to $2 trillion by the end of 2028. In addition, Standard Chartered also said that the increase in stablecoin supply has implications for US Treasury purchases and dollar hegemony. In addition, Standard Chartered believes that increased demand for dollar-denominated stablecoin reserves will lead to additional demand for dollars, which in turn can support dollar hegemony. The stablecoin industry is expected to shift to the model adopted by USDC issuer Circle.