Scott Bessent Forecasts Stablecoins Increasing Appetite For US Treasuries By Trillions — Promises ‘Highest’ Regulatory Standards For Dollar-Pegged Cryptos
Posted On May 26, 2025
Treasury Secretary Scott Bessent predicted Friday that stablecoins will unlock trillions of dollars in demand for U.S. treasuries in the near future.
What Happened: During an interview with Bloomberg Television, Bessent was asked about the impact stablecoins could have on the strength of the dollar.
“What we want to do is apply the highest U.S. regulatory and AML [anti-money laundering] standards to digital assets, especially stablecoins,” Bessent replied. “I’ve seen estimates that just over the short term, stablecoins could create two trillion of demand for U.S. treasuries and treasury bills,”
Stablecoins have rapidly ascended as one of the biggest holders of U.S. treasuries in …
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