USDT and the Future: GENIUS Act Propels Stablecoin Market Toward $2T by 2028
The US Senate has made significant progress with the GENIUS Act, a groundbreaking bipartisan effort to regulate stablecoins, which passed with a strong vote of 68–30. Treasury Secretary Scott Bessent predicts that this legislation could catalyze the dollar-backed stablecoin market to exceed $2 trillion by 2028. This development marks a pivotal moment for cryptocurrencies, particularly USDT, as it sets the stage for unprecedented growth and regulatory clarity in the digital asset space.
US Senate Advances GENIUS Act, Paving Way for $2T Stablecoin Market by 2028
The US Senate has taken a decisive step toward passing the GENIUS Act, marking the first major legislative effort to regulate stablecoins. A bipartisan vote of 68–30 signals strong support for the bill, which could redefine the crypto regulatory landscape.
Treasury Secretary Scott Bessent projects the dollar-backed stablecoin market could surpass $2 trillion by 2028 if the legislation passes. The bill WOULD provide clarity for dominant stablecoins like $USDC and $USDT, which currently command 88% of the market.
Majority Leader John Thune emphasized the legislation''s potential to bring digital assets into mainstream finance. The final Senate vote this week could open doors for non-financial companies to issue their own stablecoins.
As regulatory momentum builds, emerging tokens like Snorter Token aim to capitalize on early-stage opportunities in the evolving crypto market.
TRON’s $691B USDT Surge Meets Bank of America’s Stablecoin Plans: A New Crypto Era?
Bank of America is accelerating development of a USD-backed stablecoin, signaling traditional finance''s deepening engagement with blockchain technology. Meanwhile, the TRON network processed a record $691 billion in USDT transfers last month, with large holders accounting for $411 billion of that volume.
The banking giant''s pivot reflects a broader institutional shift toward digital assets, driven by demands for faster settlements and competitive pressures. CEO Brian Moynihan noted regulatory clarity has replaced earlier hesitation, enabling banks to explore blockchain''s potential more aggressively.
This convergence of TradFi infrastructure and crypto-native networks like TRON suggests an emerging battleground for financial system dominance. The $691 billion USDT flow demonstrates blockchain''s growing capacity to handle institutional-scale transactions.
Stablecoin Market Cap Hits Record $228B in 2025 Amid Trading Surge and Regulatory Clarity
The stablecoin market has surged to an all-time high of $228 billion in 2025, marking a $33 billion increase year-to-date. This 17% growth is fueled by heightened crypto trading activity, expanding payment use cases, and clearer U.S. regulatory frameworks under the TRUMP administration.
Tether (USDT) and Circle’s USDC dominate the rally, with USDT’s market cap reaching $155 billion and USDC climbing 39% to $61 billion. Exchange reserves for ERC-20 stablecoins have ballooned to $50 billion, with USDC holdings alone growing 1.6x to $8 billion—bolstering liquidity across crypto markets.
The resurgence extends to yield-bearing stablecoins, reflecting renewed institutional confidence. Market analysts attribute the momentum to a confluence of macroeconomic tailwinds and structural adoption drivers.
