Market size starting at $2 trillion? US Treasury Secretary and Goldman Sachs are optimistic about stablecoins, but UBS warns: Fear may not be real demand.

The financial app of Citic Securities learned that a research report released by investment banking giant Goldman Sachs on Wednesday showed that the stablecoin market is entering a new expansion cycle, with a potential size that could reach tens of trillions of dollars. Goldman Sachs analysts pointed out that in the long run, the payment field will become the core driving force for stablecoins to expand the total addressable market (TAM). Although the current use of stablecoins is still dominated by cryptocurrency trading and overseas demand for US dollars, the potential for penetration in payment scenarios has not been fully developed.