U.S. Treasury Secretary Janet Yellen: The passage of the GENIUS Act will brighten the outlook for the stablecoin market.
OdailyJun 18, 2025Odaily Planet Daily reports that U.S. Treasury Secretary Janet Yellen posted on the X platform stating that recent reports predict the stablecoin market size could reach 3.70 trillion USD by the end of the next decade. With the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds, which are the backing for stablecoins. This new demand is expected to reduce government borrowing costs and help control the national debt, while potentially attracting millions of new users globally to the dollar-based digital asset economy. For all participants, this represents a win-win-win situation.
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U.S. Treasury Secretary Janet Yellen: The passage of the GENIUS Act will brighten the outlook for the stablecoin market.
OdailyJun 18, 2025Odaily Planet Daily reports that U.S. Treasury Secretary Janet Yellen posted on the X platform stating that recent reports predict the stablecoin market size could reach 3.70 trillion USD by the end of the next decade. With the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds, which are the backing for stablecoins. This new demand is expected to reduce government borrowing costs and help control the national debt, while potentially attracting millions of new users globally to the dollar-based digital asset economy. For all participants, this represents a win-win-win situation.
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