Stablecoin: "The $3.7 Trillion Puzzle" for the Future of Global Finance? 💵🌐
The stablecoin market is facing an unprecedented opportunity for explosion as U.S. Treasury Secretary Scott Bessent stated that the market value could reach $3.7 trillion by 2030 – a staggering figure that highlights the increasing importance of stablecoins in the global financial ecosystem.
According to Mr. Bessent, this scenario becomes even more feasible if the GENIUS Act is passed, creating a clear legal framework and promoting sustainable development for USD-pegged stablecoins.
Notably, he emphasized:
🔹 Stablecoins could boost demand for U.S. government bonds, thereby helping to reduce borrowing costs for the government.
🔹 A strong stablecoin ecosystem could also help curb the rise of public debt – one of the most challenging issues today.
🔹 Millions of global users could access a dollar-based digital asset system, making stablecoins a bridge between traditional economies and Web3.
🌍 Acting as “digital dollars,” stablecoins not only provide stability in the crypto market but also make a practical contribution to the global financial system.
💡 Insights from U.S. officials like these are igniting great expectations for the future of stablecoins and sending positive signals for investors believing in the sustainable potential of the cryptocurrency market.