Bessent X Post Explosion: The Century Reconciliation Between the Dollar and Crypto

At 3 a.m. today, U.S. Treasury Secretary Bessent dropped a nuclear-level opinion on platform X: "Stablecoins are not the enemies of the dollar, but rather the steel and concrete of 21st-century dollar hegemony," directly breaking through Washington's facade after years.

Previously, hardliners in the White House viewed crypto assets as a threat, but now Bessent admits that 93% of the 80 billion compliant stablecoins (USDC/USDT) circulating globally are pegged to the dollar, essentially incorporating 'digital currency colonies' for the dollar on the global battlefield.

Data Refutes: The Hidden Operations of Dollar Hegemony

On-chain data does not lie: In Q1 2025, the on-chain settlement volume of dollar stablecoins exceeded $11.3 trillion, a staggering 214% year-on-year increase, crushing Visa's annual transaction volume.

Bessent's team clearly sees the essence—America doesn’t need to issue a CBDC personally; as long as it crushes the minting rights of compliant stablecoins, the dollar can continue to reign in the Web3 era.

This tactic is even more ruthless than military bases, after all, 2.7 million crypto addresses worldwide automatically work for dollar hegemony every day, making the zero-cost expansion of this financial empire the strongest conspiracy in history.

Policy Shift: The Underlying Logic from Siege to Reconciliation

Bessent dares to take political risks and sing praises because of the covert advancement of the GENIUS Act.

This act requires all stablecoin issuers to hold equivalent dollar assets + U.S. Treasury bonds, and custodial institutions must obtain federal licenses. This essentially puts a leash on Tether, Circle, and others, tying them to the liquidity pool of U.S. Treasuries—solving the problem of finding a buyer for the $31.4 trillion national debt while giving the Federal Reserve a trillion-dollar ammunition depot out of thin air.

Compared to the SEC's reckless actions in 2023, this administration has finally learned to 'tame the beasts with compliance.'

Regulatory Arbitrage: The Secret Layout of Wall Street Whales

Sharp capital has already sensed the wind: Traditional institutions like BlackRock and Fidelity have accumulated over $4.7 billion in BTC spot ETFs through compliant exchanges like Binance in the past three months, while simultaneously increasing their stake in stablecoin issuers.

Bessent's call at this time is certainly not coincidental—on June 12, he just promised in Congress to 'extend the tariff buffer period,' clearly clearing obstacles for dollar capital to enter the crypto market.

Under this political and business collusion, the stablecoin trading pairs of compliant exchanges will become the next trillion-dollar liquidity black hole.