U.S. Treasury Secretary: The stablecoin market will reach a scale of $3.7 trillion by the end of the decade.

Gate News bot message, according to the latest report data disclosed by U.S. Treasury Secretary Scott Bessent, the stablecoin market size is expected to reach $3.7 trillion by 2030.

Bessent emphasized that the passage of the "GENIUS Act" supports the development of USD stablecoins and enhances private sector demand for U.S. Treasury bonds. This move reduces government financing costs, controls national debt, and simultaneously promotes global user participation in the dollar-denominated digital asset economy. He pointed out: "This is what smart, pro-innovation legislation can deliver."

Source: Wu Says

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