U.S. Treasury Secretary: "Stablecoin issuers emerge as key buyers of Treasury securities"

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Summary

U.S. Treasury Secretary Scott Besant forecasted that stablecoin issuers like Tether and Circle will become the key purchasers of U.S. Treasury securities.
The U.S. Treasury Department has reportedly established short-term Treasury sales plans through discussions with stablecoin issuers.
Secretary Besant predicted that the stablecoin market could grow to $2 trillion in the coming years.

There is a claim that the main buyers of newly issued U.S. Treasury securities will be stablecoin issuers such as Tether (USDT) and Circle.

According to the Financial Times on the 20th (local time), U.S. Treasury Secretary Scott Besant predicted that stablecoin issuers like Tether and Circle would become the key purchasers of U.S. Treasury securities. Accordingly, it has been reported that the Treasury Department has established short-term Treasury sales plans through discussions with stablecoin issuers.

According to data from the Federal Reserve Bank of Kansas City, the current size of the stablecoin market is about $250 billion, which is very small compared to the U.S. Treasury market ($29 trillion). However, Secretary Besant has previously predicted that the stablecoin market could grow to $2 trillion in the next few years.

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