US Treasury Secretary: Stablecoins are expected to bring $2 trillion in Treasury demand

according to Coinpedia, US Treasury Secretary Scott Bessent stated in a recent interview that stablecoins could bring a short-term demand of $2 trillion to US Treasury bonds and bills, far exceeding the current $300 billion. Bessent reiterated the Trump administration's strong support for cryptocurrency innovation and criticized the previous administration's destructive regulatory stance. He promised to encourage sustainable innovation through a balanced and improved regulatory framework. Stablecoins like Tether (USDT) are typically pegged 1:1 to fiat currencies such as the US dollar and hold reserves in liquid assets (including government bonds). As these tokens gain wider adoption, their issuers are becoming important buyers of US debt instruments. Meanwhile, the US Senate is preparing a stablecoin regulation bill expected to provide legal clarity and promote institutional adoption. Market rumors suggest that Fidelity and JPMorgan may soon issue their own stablecoins.