$USDC Fiscal calculations: Treasury Secretary Bessent straightforwardly stated that stablecoins could become 'the largest buyer of U.S. debt', with a $3.7 trillion market that can lower government borrowing costs, making this a big win for the Treasury.
Dollar hegemony 2.0: Senator Hagerty stated, 'Innovation must be in American hands!'—clearly targeting the digital yuan and euro stablecoins going abroad.