{"id":31461,"date":"2025-06-12T05:46:40","date_gmt":"2025-06-12T05:46:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31461"},"modified":"2025-06-12T05:46:40","modified_gmt":"2025-06-12T05:46:40","slug":"treasury-secretary-scott-bessent-sees-stablecoin-market-surging-past-2-trillion-as-senate-advances-dollar-pegged-crypto-bill","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31461","title":{"rendered":"Treasury Secretary Scott Bessent Sees Stablecoin Market Surging Past $2 Trillion As Senate Advances Dollar-Pegged Crypto Bill"},"content":{"rendered":"<div>\n<p>Treasury Secretary <strong>Scott Bessent <\/strong>said Wednesday that dollar-pegged stablecoins could reach a market capitalization of $2 trillion and beyond as the stablecoin bill advanced in the Senate.<\/p>\n<p><strong>What happened: <\/strong>During a testimony before the Senate Appropriations Committee, Bessent underscored the Trump administration\u2019s goal of preserving the dollar\u2019s status as the world&#8217;s reserve currency.<\/p>\n<p>&#8220;I believe stablecoin legislation backed by U.S. Treasuries or T-bills will create a market that will expand U.S. dollar usage via these stablecoins all around the world,&#8221; he added. &#8220;I think that $2 trillion is a very, very reasonable number, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/45897485\/treasury-secretary-scott-bessent-sees-stablecoin-market-surging-past-2-trillion-as-senate-a\" alt=\"Treasury\" secretary scott bessent sees stablecoin market surging past trillion as senate advances dollar-pegged crypto bill>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Scott Bessent said Wednesday that dollar-pegged stablecoins could reach a market capitalization of $2 trillion and beyond as the stablecoin bill advanced in the Senate. What happened: During a testimony before the Senate Appropriations Committee, Bessent underscored the Trump administration\u2019s goal of preserving the dollar\u2019s status as the world&#8217;s reserve currency. &#8220;I believe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31461","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31461"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31461\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}