US Treasury Secretary Lifts Stablecoin Forecast to $3T, Recognizing It as a Structural Growth Engine
US Treasury Secretary Scott Bessent has significantly elevated his expectations for the stablecoin sector, announcing a new forecast of $3 trillion in market capitalization by 2030. This revised projection marks a 50% increase from his earlier $2 trillion estimate and represents a tenfold growth from the current market value of over $300 billion. The Secretary explicitly framed stablecoins as a structural growth engine for the U.S. economy, attributing the potential surge to innovations made possible by the "Genius Act."
This statement marks a pivotal policy shift, as it’s the first time a Treasury Secretary has formally acknowledged stablecoins as a future pillar of U.S. sovereign debt demand. The bullish sentiment is shared by investment heavyweights like Citi, which projects the sector could reach an even higher $4 trillion by the decade's end. By integrating stablecoin growth into long-term debt management strategies, the U.S. government is cementing digital assets as a foundational component of the nation's financial infrastructure. #anh_ba_cong
