Treasury Sec. Bessent Pushes Stablecoins Hard

Treasury Sec. Bessent Pushes Stablecoins Hard

Treasury Secretary Bessent says crypto stablecoins can lower government borrowing costs and reduce national debt. Dollar-pegged stablecoins could explode to a $2 trillion market cap within a few years, Treasury Secretary Scott Bessent said on Wednesday while testifying at a Senate Appropriations subcommittee hearing. “A thriving stablecoin ecosystem will drive demand from the private sector […] The post Treasury Sec. Bessent Pushes Stablecoins H…

Amazon Wants to Launch Its Own Stablecoin. Should You Buy AMZN Stock Here?

With Amazon reportedly exploring the launch of its own stablecoin, should you buy AMZN stock here?

Stablecoins Can Strengthen Dollar Dominance, Says U.S. Treasury Secretary Bessent

On Wednesday, U.S. Treasury Secretary Scott Bessent said that stablecoins will solidify the U.S. dollar’s dominance globally as President Donald Trump urged Congress to fast-track landmark GENIUS legislation. “Stablecoins could reinforce dollar supremacy because stablecoins could end up being one of the largest buyers of U.S. Treasurys or T-bills,” Bessent said on X. “There’s a very good chance crypto is actually one of the things that locks in …

Treasury Secretary Bessent Says Stablecoins Can Bolster US Dollar 'Supremacy’

Bessent framed stablecoins as a strategic asset for U.S. influence, as lawmakers weigh whether politics will stall key legislation again.

Exploding stablecoin market on the horizon, Treasury Secretary Bessent confirms

The post Exploding stablecoin market on the horizon, Treasury Secretary Bessent confirms appeared on BitcoinEthereumNews.com. US Treasury Secretary Scott Bessent contends that President Donald Trump’s strong backing for cryptocurrencies, particularly stablecoins, will shore up and perhaps even enhance the US dollar’s supremacy in the international marketplace. In a video interview on Wednesday on platform X, Bessent stated that stablecoins could…

U.S. Treasury Secretary Bessent Backs Stablecoin Growth - Blockchain & Cryptocurrencies Tabloid

Treasury Secretary Scott Bessent emphasizes stablecoin growth to bolster U.S. dollar supremacy. The post U.S. Treasury Secretary Bessent Backs Stablecoin Growth appeared first on Blockchain & Cryptocurrencies Tabloid.