According to Bloomberg, US Treasury Secretary Scott Bessent stated during a Senate Appropriations Subcommittee hearing that the market value of US dollar stablecoins may reach $2 trillion or even higher in the future. He reiterated that a stable currency would help to expand the use of the US dollar in the global financial system, and pointed out that Congress was promoting legislation on the supervision of the US dollar stable currency, requiring such assets to be supported by high-quality assets such as treasury bond. Bessent stated that stablecoin legislation supported by US Treasury bonds will promote the wider use of the US dollar through stablecoins worldwide. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43868