The American treasury could experience an increase in the demand for government debt of the digital assets sector, which may reach $ 2 trillion in the coming years, according to Minister of Finance, Scott Bessent.
Bessent made the statement during a hearing of the Huis Financial Services Committee on the global financial system, where he emphasized the growing financial relevance of digital assets for the wider economy.
Bessent said that the US should play a leading role in shaping worldwide standards for crypto markets, referring to the chance of the country to both guide and take advantage of innovation.
He pointed out the increasing integration of stablecoins and other blockchain-based financial products with the American dollar and treasury markets as an example of how digital assets can support national financial interests.
Stablecoin growth stimulate the demand of the treasury
Much of the projected question stemes from Stablecoins, who strongly rely on American treasury accounts to retain their reserves.
Tether, the largest Stablecoin emittent, had almost $ 120 billion in Treasury accounts in the short term from the end of March as USDT reserves. In the meantime, Circle, the company behind the USD Munt (USDC), reported more than $ 22 billion to T-Bill Holdings from February 2025.
As stableco inc circulation grows together with the rising global demand, also the need for corresponding collateral in assets with low risk such as treasuries.
The relationship between digital assets and American debt markets is always anchored, because private emennials are increasingly functioning as stable institutional buyers of government effects.
This emerging source of question can offer treasury markets a new layer of resilience and liquidity, in particular in the midst of broader concern about foreign appetite for American debts.
Congress that weighs new legislation
Properted legislation that aims to formalize the role of stablecoin emission in the Treasury ecosystem also reinforces the potential demand boost.
The stable law of 2025 and the Genius Act of 2025, both in the congress, would require emptents to fully support their tokens with high -quality liquid assets, including treasuries in the short term.
However, there are concerns that these accounts can be postponed because of the political gap between Democrats and Republicans. Nine legislators recently withdrawn support for the bill, with reference to concern that it lacks rules that investors would sufficiently protect.
If adopted, these accounts could effectively institutionalize the requirements of the investment of the treasury in the Stablecoin sector, so that digital dollars are anchored deeper in the US financial infrastructure.
Proponents of the bill are of the opinion that such rules would strengthen confidence in stablecoins and at the same time confirm the primacy of the dollar on digital markets.
