US Treasury Secretary: GENIUS bill passed will attract global users to join the dollar-based digital asset economy
According to online reports, U.S. Treasury Secretary Basent issued an article on Platform X that a recent report predicts that the size of the stablecoin market may reach US$3.7 trillion in the next decade. With the passage of the GENIUS Act, the prospects for the stablecoin market will be brighter. The stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds, which are the backing of stablecoins. This new demand is expected to reduce government borrowing costs and help control national debt. It may also attract millions of new users around the world to join the dollar-based digital asset economy, which is a win-win situation for all participants.
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