Treasury Secretary Scott Bessent predicted rapid stablecoin growth and argued it will boost demand for U.S. Treasuries

Event date

June 17, 2025

Quotes that support claims

“A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back stablecoins,” U.S. Treasury Secretary Scott Bessent said Tuesday afternoon. “This newfound demand could lower government borrowing costs and help rein in the national debt.

"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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Week 25 of 2025