US Treasury Secretary Besson: The passage of the GENIUS bill will make the prospects of the stablecoin market brighter

Odaily Planet Daily News: US Treasury Secretary Bessent stated in an article on X platform that recent reports predict that the stablecoin market size may reach $3.7 trillion by the end of the next decade. With the passage of the GENIUS bill, the prospects for the stablecoin market will become even brighter. The stable currency ecosystem will promote the private sector's demand for US treasury bond, which is the support of the stable currency. This new demand is expected to reduce government borrowing costs, help control national debt, and may also attract millions of new users worldwide to join the US dollar based digital asset economy. For all participants, this is a three win situation.