#StablecoinRevolution Bessent highlighted that the stablecoin market is in a full growth phase, and stated that according to forecasts, it will mobilize about 3.7 trillion dollars by the year 2030.

Through a post on his account on the social network X, the Secretary of the Treasury commented that the final approval of the National Innovation Guidance and Establishment Act for Stablecoins (known as the Genius Act) would provide a clear regulatory framework for the sector, helping to shorten the timelines for growth to occur more quickly.

Bessent emphasized that the GENIUS Act will be a "win-win" for both stablecoin issuers and users, as well as the U.S. Treasury itself.

One of the main objectives of the Act, he noted, is the requirement that payment stablecoins be backed by short-term U.S. Treasury securities, which would lead to market growth, and this demand for reserves could increase the appetite for government bonds, improving the financing conditions of federal debt.