U.S. Treasury Secretary Bessant: The passage of the GENIUS Act will attract global users to join the dollar-based digital asset economy
US Treasury Secretary Besent posted on X platform, stating that recent reports predict that the stablecoin market size in the next decade could reach $37 trillion. With the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for US Treasury bonds, which are the support for stablecoins. This new demand is expected to lower government borrowing costs, help control national debt, and may also attract millions of new users globally to join the dollar-based digital asset economy, creating a win-win situation for all participants.
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