Stablecoins Poised to Inject $2 Trillion into U.S. Treasuries—Wall Street Veteran Bets Big

Scott Bessent, a heavyweight in macro investing, just dropped a bombshell prediction: Stablecoins could funnel a staggering $2 trillion into U.S. Treasuries. That’s not pocket change—it’s a seismic shift waiting to happen.

Why? Because dollar-pegged crypto is eating traditional finance’s lunch. While banks fuss over compliance, stablecoins are quietly building the rails for a 24/7, borderless Treasury market. The irony? Regulators still treat them like ticking time bombs.

This isn’t just about yield chasing—it’s about liquidity on steroids. Imagine institutional money zipping between chains, snapping up T-bills without the paperwork nightmare. Bessent’s bet hinges on crypto finally getting its act together (and Washington not screwing it up).

Of course, Wall Street will take credit when this plays out—after spending years dismissing the space as ‘play money.’ Classic finance: slow to adapt, quick to cash in.

In a recent interview, the U.S. Treasury official Scott Bessent made headlines with his strong support for digital assets and stablecoins. Bessent, now the CEO of Key Square Group, believes that U.S.-backed stablecoins could create a massive $2 trillion demand for U.S. Treasuries, a MOVE that could reshape global finance and strengthen the U.S. dollar’s dominance.

“We are going big on digital assets,” Bessent said. He explained that the current U.S. administration is focused on creating clear rules for digital assets and encouraging companies to stay and build in the country. This is a big shift from past policies, which Bessent says drove many crypto businesses overseas.

Stablecoins Could Become Top Buyers of U.S. Treasuries

According to Bessent, bringing strong U.S. regulations and anti-money laundering (AML) standards to stablecoins is a top priority. He also mentioned market estimates suggesting that stablecoin issuers could soon hold around $2 trillion in U.S. Treasuries and T-bills — a huge jump from the current $300 billion.

This prediction lines up with a recent comment from Senator Bill Hagerty, who shared a Citibank report forecasting that by 2030, stablecoin issuers could become the biggest buyers of U.S. Treasuries, even ahead of major foreign countries like China. This view is also shared by other top financial leaders, including BlackRock CEO Larry Fink, who has called tokenization the future of finance.

Scott Bessent says a bank issued stablecoin could provide $2 trillion worth of demand for U.S. Treasuries.

He doesn’t confirm or deny the rumor that $JPM, $BAC, $C and $WFC are planning to issue a shared crypto stablecoin authorized by the Federal Reserve. https://t.co/KxCnExG7HM pic.twitter.com/OH8MwHQDJW

A new U.S. stablecoin bill is on track to pass the Senate, marking a step toward establishing formal regulations for the crypto industry. The legislation, part of the GENIUS Act, WOULD require stablecoins to be fully backed by safe, liquid assets such as Treasury bills and enforce strict anti-money laundering and anti-terror financing rules. 

In the event of a collapse, stablecoin holders would have priority in recovering their funds. Experts say the bill brings long-needed structure, transparency, and investor protection, positioning stablecoins as credible, regulated digital equivalents of national currencies rather than speculative crypto assets.