Bessent: Digital Assets Are the Decisive Front in US-China Rivalry
- —Bessent says the dollar's 'military umbrella' is becoming a 'tech umbrella'
- —Stablecoins open new dollar markets and Treasury demand, he says
- —More than 90% of stablecoins are backed by dollar assets
- —With CLARITY Act stalled, SEC and CFTC rulemaking takes over
Why it matters: Stablecoins are being institutionalized as a demand channel for US debt, but without legislation, SEC and CFTC rules can shift with each administration.
Source: 動區 BlockTempo