US Treasury Secretary: Booming stablecoin ecosystem will drive private sector demand for US bonds

According to BlockBeats, on June 18th, US Treasury Secretary Besson posted on social media that "the latest reports predict that the stablecoin market may grow to $3.7 trillion by the end of 2030. With the passage of the GENIUS Act, this prospect becomes even more promising. A thriving stable currency ecosystem will drive the private sector's demand for US treasury bond bonds - and treasury bond are the source of asset support for stable currencies. This new demand may reduce government borrowing costs and help control national debt. At the same time, it may also open the door to a dollar based digital asset economy for millions of users worldwide. This is a win-win situation for all parties involved: the private sector benefits; The US Treasury Department benefits; Consumers benefit. This is precisely the result of wise and innovative legislation