#GENIUSActPass US Secretary of the Treasury Scott Bessent: The Stablecoin Market Could Reach $3.7 Million by 2030

US Secretary of the Treasury Scott Bessent has predicted that the stablecoin market could grow to $3.7 million by 2030, a scenario he believes will become increasingly feasible if the GENIUS Act is passed.

He emphasized that a strong stablecoin ecosystem would create greater demand for US Treasury bonds, help reduce the government's borrowing costs, curb public debt, and bring millions of global users into the dollar-based digital asset economy.