CoinVoice has recently learned that U.S. Treasury Secretary Yellen stated on social media, "The latest reports predict that by the end of 2030, the stablecoin market could grow to $3.7 trillion. With the passage of the (GENIUS Act), this outlook has become even more promising."
A thriving stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds—these bonds are the asset backing for stablecoins. This new demand could lower government borrowing costs and help control national debt. At the same time, it could also open the door to a dollar-based digital asset economy for millions of users worldwide.
This is a win-win-win situation for all parties involved: the private sector benefits; the U.S. Treasury benefits; consumers benefit. This is precisely the result of wise, innovation-supporting legislation.” [Original link]