U.S. Treasury Secretary Bessant: The passage of the GENIUS Act will make the prospects of the stable

According to the US Treasury Secretary Bezent, in a post on the X platform, recent reports predict that by the end of the next decade, the stablecoin market may reach $37 trillion. With the passage of the GENIUS Act, the future of the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for US Treasury bonds, which are the backbone of stablecoins. This new demand is expected to lower government borrowing costs, help control national debt, and may attract millions of new users worldwide to join the dollar-based digital asset economy. For all participants, this is a win-win situation.