U.S. Treasury Secretary Scott Bessent believes that the crypto industry will become an important buyer of Treasury bonds in the coming years against the backdrop of record debt burdens in Washington. This was reported by the Financial Times, citing sources familiar with the situation.

According to the publication, Bessent signaled Wall Street that he expects an increase in the role of stablecoins — digital tokens backed by highly liquid assets such as government bonds — as a new source of demand for U.S. government debt.

As part of the preparations for plans to boost sales of short-term Treasury bills, the Treasury consulted with leading stablecoin issuers, including Tether $USDT and Circle $USDC .