🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Finance Minister Scott Bessent predicts that dollar-backed stablecoins will reach 2 trillion dollars.
Finance Minister Scott Bessent stated that the stablecoin market tied to the dollar could explode to as much as 2 trillion USD in the coming years. He emphasized that the American government is pushing for regulations to strengthen the dollar's position as a reserve currency, requiring stablecoins to be backed 1:1 by high-quality assets such as government bonds.
The new stablecoin bill is under consideration by the Senate and is likely to be passed next week, receiving support from President Donald Trump and many lobbying groups. Retailers also support the bill, hoping to provide an alternative to Visa and Mastercard. However, banks are divided on the impact of stablecoins on the traditional banking system.