高盛：稳定币淘金热刚开始，市场规模或达数万亿美元

Group 1 - Goldman Sachs indicates that the stablecoin boom is just beginning, with USDC expected to benefit from market share growth on the Binance platform and beyond as legislation progresses [1] - The report forecasts that USDC will grow by $77 billion from 2024 to 2027, representing a compound annual growth rate of 40% [1] - The potential total market size for stablecoins could reach trillions of dollars, with the payment market being the most obvious source of expansion [1] Group 2 - U.S. Treasury Secretary Yellen believes that stablecoins will boost the U.S. Treasury market, leading to the issuance of more short-term debt to meet this demand [2] - Research from the Bank for International Settlements (BIS) indicates that stablecoin inflows have led to a decrease in the yield of 3-month Treasury bills by 2-2.5 basis points within 10 days [3] - UBS Chief Economist Paul Donovan expresses skepticism, arguing that stablecoins mainly redistribute the money supply rather than fundamentally change the demand for U.S. debt instruments [4]