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Treasury Sec Bessent: Stablecoins = for US Treasuries! More demand, lower borrowing costs, less national debt. #CryptoSaves #StablecoinBoom
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JUST IN: ๐บ๐ธ Treasury Secretary Bessent says crypto stablecoins can lower government borrowing costs and reduce national debt. "A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back stablecoins. This newfound demand could lower government borrowing costs and help rein in the national debt."
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