Arthur Hayes: It is expected that the total amount of dollar stablecoins could reach 10 trillion by 2028, which will trigger a bull run in Decentralized Finance.

According to BlockBeats news, on August 28, BitMEX co-founder Arthur Hayes recently published an article stating that by 2028, the total amount of stablecoins pegged to the US dollar in circulation is expected to reach at least $10 trillion. This figure is significant because the deficit that Bessenet must bear is enormous and growing exponentially. The more Bessenet finances the government with treasury bonds, the faster the debt accumulates, as he must roll over the debt every year. Therefore, this is a once-in-a-century transformation of the global monetary framework. “Perhaps we will never see such an event again in our investment careers. You will not see the emergence of a bull run in the pillar industries of DeFi, which are benefiting from the surge of stablecoins pegged to the US dollar.”