#Stablecoins

U.S. Treasury Secretary Scott Bessenet has stated that in the coming years, the market size of stablecoins pegged to the U.S. dollar could expand to $2 trillion.

On the surface, his statement seems to show optimism about the cryptocurrency market, but in reality, he aims to take this opportunity to consolidate the global dominance of the U.S. dollar.

Bessenet also emphasized that the U.S. must firmly maintain the dollar's status as a reserve currency, and stablecoins backed by U.S. Treasury bonds can help the dollar circulate more widely around the world.

The GENIUS Act currently under consideration by Congress also requires that stablecoins must be backed by high-quality assets; once this rule is established, the stablecoin market may indeed usher in a period of explosive growth. #美元稳定币 $BTC $ETH

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