Stablecoin Boom Projected to Reach $2 Trillion Market Value

U.S. Treasury Secretary Scott Bessent has predicted a significant surge in the stablecoin market within the next three years, forecasting a potential market capitalization of up to $2 trillion. This bold prediction comes alongside Bitcoin’s ascent towards its historical highs. 200 billion dollar market value currently sits poised for growth. The Senate recently approved legislation to regulate these U.S.-dollar-backed cryptocurrencies. Wall Street and major banks are preparing to invest heavily in this burgeoning sector as a result.