US Treasury Secretary Basant: The stablecoin market could reach $3.7 trillion by 2030, creating a win-win situation that will drive demand for US Treasury bonds.
On June 18, U.S. Treasury Secretary Yellen stated, "The latest reports predict that by the end of 2030, the stablecoin market size may rise to $3.7 trillion. With the passing of the GENIUS Act, this prospect has become even more promising."
A thriving stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds - which are the asset backing of stablecoins. This new demand could lower government borrowing costs and help control national debt. At the same time, it may open the door to a dollar-based digital asset economy for millions of users worldwide.
This is a win-win-win situation for all stakeholders: the private sector benefits; the U.S. Treasury benefits; consumers benefit. This is precisely the result of wise, innovation-supporting legislation.
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Elegant
· 15h ago
The price of digital gold has partially lost its recent rise, having been adjusted down by $2000 following the escalation of geopolitical tensions in the Middle East.
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币圈小峰哥
· 15h ago
The current world economic growth momentum is insufficient, and the International Monetary Fund predicts that the global economic growth rate will only be 3% over the next 5 years. However, emerging economies are developing well, and our country's economy also has strong resilience and potential, with the long-term positive trend remaining unchanged.
US Treasury Secretary Basant: The stablecoin market could reach $3.7 trillion by 2030, creating a win-win situation that will drive demand for US Treasury bonds.
On June 18, U.S. Treasury Secretary Yellen stated, "The latest reports predict that by the end of 2030, the stablecoin market size may rise to $3.7 trillion. With the passing of the GENIUS Act, this prospect has become even more promising."
A thriving stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds - which are the asset backing of stablecoins. This new demand could lower government borrowing costs and help control national debt. At the same time, it may open the door to a dollar-based digital asset economy for millions of users worldwide.
This is a win-win-win situation for all stakeholders: the private sector benefits; the U.S. Treasury benefits; consumers benefit. This is precisely the result of wise, innovation-supporting legislation.