The US Treasury Secretary is betting on stablecoins becoming key buyers of US Treasury bonds, promoting the integration of cryptocurrencies into the financial core BlockBeats news, on August 20, according to the British Financial Times, US Treasury Secretary Besant bet that the cryptocurrency industry will become a key buyer of US treasury bond in the next few years. At present, the US government is seeking to support the demand for massive new treasury bond. According to informed sources, Beisen has sought information from major stablecoin issuers such as Tether and Circle, and these discussions have impacted the Treasury Department's plans to increase short-term Treasury bond sales in the coming quarters. The US Treasury Department hopes that stablecoins will become a key source of demand for US government bonds, which is also the latest sign of the White House's push for cryptocurrencies to enter the core of the US financial system. Jay Barry, head of global interest rate strategy of JPMorgan Chase, one of the largest dealers in the US bond market, said: "(Secretary Besant and the Treasury Department) absolutely believes that a stable currency will become a real source of new demand for US treasury bond bonds. This is absolutely why he is relieved (to increase the proportion of short-term debt issuance)." (Jin Shi)