US Treasury Secretary Vincent said in a social media post, "Recent reports predict that the stablecoin market could grow to $3.70 trillion by the end of 2030. With the passage of the GENIUS Act, this prospect becomes even more promising.
A thriving stablecoin ecosystem will drive private demand for US Treasuries, which are the asset-backed source of stablecoins. This additional demand could lower government borrowing costs and help control national debt. It could also open the door to a dollar-based digital asset economy for millions of users around the world.
This is a win-win-win situation for all involved: the private sector benefits; the US Treasury benefits; and consumers benefit. That is what smart, innovation-friendly legislation brings. "
The US Treasury Secretary: A thriving stablecoin ecosystem will drive private sector demand for US debt
2025-06-18 00:40:38
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