"Recent reporting projects that stablecoins could grow into a $3.7 trillion market by the end of the decade. That scenario becomes more likely with passage of the GENIUS Act," U.S. Treasury Secretary Scott Bessent posted to X on Tuesday.
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Senate passes stablecoin bill, turning focus to House
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Treasury Secretary Scott Bessent predicted rapid stablecoin growth and argued it will boost demand for U.S. Treasuries
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