Digital Assets Could Drive $2 Trillion Demand for US Treasuries
- US Treasury Secretary Scott Bessent predicts digital assets may generate a $2 trillion demand for US Treasuries in the coming years.
- Bessent advocates for the US to lead globally in digital assets and establish strong market structures.
- Stablecoin issuers like Tether and Circle heavily invest in Treasury bills to back their coins, with Tether holding over $94.47 billion and Circle owning $22.047 billion in T-bills.
- The STABLE Act of 2025 and the GENIUS Act of 2025 require stablecoin issuers to invest in T-bills.
Scott Bessent emphasizes that digital assets could significantly boost demand for US government securities, potentially reaching up to $2 trillion, while highlighting the importance of establishing robust market practices. Stablecoin issuers already invest heavily in Treasury bills, aligning with upcoming legislative requirements.
Source (2.6)https://dailyhodl.com/2025/05/07/2000000000000-in-demand-for-us-treasuries-could-come-from-digital-assets-in-coming-years-treasury-secretary-scott-bessent/?rand=59076
