$USDC US Treasury Secretary Scott Bessent: The Stablecoin Market Could Reach $3.7 Trillion by 2030

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

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