Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act

Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US ...

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Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENIUS Act

Source: CryptoSlate

Treasury Secretary Scott Bessent stated on June 17 that stablecoins could cut federal borrowing costs and slow debt growth if Congress sends the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act to the president. In an X post, he pointed to research projecting a $3.7 trillion stablecoin market by 2030 and argued that […]

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