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Stablecoins Could Add $2 Trillion to U.S. Treasuries, Predicts Scott Bessent
Stablecoins Could Add $2 Trillion to U.S. Treasuries, Predicts Scott Bessent
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U.S. Treasury official Scott Bessent, now CEO of Key Square Group, has voiced strong support for digital assets and stablecoins. He predicts that U.S.-backed stablecoins could generate $2 trillion in demand for U.S. Treasuries, potentially reshaping global finance and reinforcing the dollar’s dominance.
"We are going big on digital assets," Bessent stated, highlighting the current administration’s focus on creating clear regulatory frameworks to retain crypto businesses domestically. This marks a significant departure from past policies that drove many firms offshore.
Bessent’s vision positions stablecoins as future top buyers of U.S. Treasuries, contingent on robust regulatory standards and anti-money laundering measures.
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