CoinVoice has recently learned that U.S. Treasury Secretary Besant stated on the X platform that cryptocurrencies do not pose a threat to the U.S. dollar. In fact, stablecoins can reinforce the dominance of the dollar. Digital assets are one of the most important phenomena in today's world, and the U.S. is committed to becoming a center for digital asset innovation, with the GENIUS Act bringing us one step closer to that goal.
Besant previously pointed out that recent reports predict that the stablecoin market could reach a size of $3.7 trillion in the next decade. With the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for U.S. Treasuries, which are the backbone of stablecoins. This new demand is expected to lower government borrowing costs, help control national debt, and potentially attract millions of new users globally to the U.S. dollar-based digital asset economy. [Original link]
