Bessent: stablecoin growth could boost demand for US Treasuries
- —Bessent: over 90% of stablecoins are dollar-pegged
- —Stablecoin issuers hold US Treasuries as reserves
- —He lamented Congress failing to pass the CLARITY Act
- —Treasury, SEC and CFTC could coordinate on rules
Why it matters: US Treasury backing lowers regulatory risk for USDT and USDC and reinforces stablecoins as a source of demand for Treasuries.
Source: TokenPost