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BTCC / BTCC Square / Global Cryptocurrency /
Stablecoins Could Slash $7 Trillion in Global Costs, Says Scaramucci

Stablecoins Could Slash $7 Trillion in Global Costs, Says Scaramucci

Author:
Global Cryptocurrency
Published:
2025-05-23 16:34:02
6
2

Anthony Scaramucci, founder of SkyBridge Capital, argues that stablecoins could reinforce the United States’ financial dominance while reducing worldwide transaction expenses. In a CNBC interview, he highlighted how dollar-pegged digital tokens extend beyond cryptocurrency utility—potentially driving demand for US Treasuries and eliminating $7 trillion in annual cross-border costs.

The commentary follows the US Senate’s bipartisan approval of the GENIUS Act, which advances regulatory clarity for digital assets. Stablecoin issuers Circle and Tether are reportedly accumulating significant holdings of US government debt, with Tether’s Treasury reserves now surpassing those of some sovereign nations.

|Square

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