#TreasuryDepartment
follow like share
Treasury Deputy Secretary Michael Faulkender bluntly stated that the demand for stablecoins is expected to soar to trillions of dollars in the future. As soon as this was said, the market instantly erupted.
I believe this is not just boasting; combined with the GENIUS Act recently signed by Trump, this wave of regulatory clarity will trigger a massive explosion of dollar stablecoins, attracting traditional financial players in droves.
Looking again at the White House's praise for the act paving the way for the digital revolution, it hints that the ETH and BTC ecosystems may take off as a result, but be careful of overheating; there may be a risk of a pullback in the short term, so keep a close eye on CEX capital flows.
