Stablecoins Expected to Trigger $2 Trillion Demand for US Treasuries

US Treasury Secretary Scott Bessent highlighted the potential impact of stablecoins on US Treasuries, predicting a significant shift in demand exceeding $2 trillion. This emerging trend points towards a strategic realignment of financial markets where digital assets are utilized to enhance traditional finance. The Secretary emphasized that stablecoins like Tether and USD Coin could act as major buyers of short-term Treasury securities, potentially bolstering the US dollar’s global influence while fostering greater liquidity within the Treasury market.