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