Growth prospects of the stablecoin market by 2030
According to the report on June 18, U.S. Treasury Secretary Bessent predicts that the stablecoin market will reach a value of up to $3.7 trillion by 2030. This figure reflects the sustainable growth momentum of this type of cryptocurrency, especially in the context of policies promoting the development of the digital ecosystem. Stablecoins, backed by U.S. Treasury bonds, become a key financial instrument in stimulating demand from both individual and global business organizations. This is an important step in promoting the comprehensive integration of the cryptocurrency ecosystem based on the USD.
The role of the GENIUS law in promoting the growth of the stablecoin market
The GENIUS law is seen as a breakthrough legal leverage, expanding the growth potential of stablecoins. With the enactment of this law, the volatility and risks of the cryptocurrency market will significantly decrease. This supportive policy not only facilitates institutional investors but also promotes intermediary businesses to develop new services based on stablecoins. The anticipated growth to $3.7 trillion reflects confidence in maintaining the strength and stability of the digital finance ecosystem based on the USD.
Financial stability and economic benefits from stablecoins
Stablecoins, backed by U.S. Treasury bonds, serve as a stability hub for cryptocurrency assets. This helps minimize price volatility and enhance liquidity. Bessent emphasizes that this integration also reduces borrowing costs for the government, thereby controlling national debt. At the same time, it facilitates global investors' participation in the digital ecosystem, promoting diversity and expanding the digital finance landscape based on the USD. This move is also a 'legal innovation victory' of U.S. law policy in the cryptocurrency era.
Source: https://tintucbitcoin.com/giam-doc-tai-chinh-my-du-bao-genius-nang-stablecoin-toi-37-nghin-ty-usd-kich-thich-thi-truong-trai-phieu/
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