According to ChainCatcher, U.S. Treasury Secretary Becerra stated that cryptocurrencies do not pose a threat to the U.S. dollar, and stablecoins can reinforce the dollar's hegemonic position. The U.S. will strive to be a center for digital asset innovation.
Becerra pointed out that the report predicts the stablecoin market size could reach $3.7 trillion over the next decade. The stablecoin ecosystem will drive private sector demand for U.S. Treasury securities, lower government borrowing costs, control national debt, and attract global users to the dollar-based digital asset economy.