Implications of the GENIUS Act on Stablecoins

plankton · 2022-01-29T15:36:00.000Z

Treasury Secretary Scott Bessent said stablecoins might hit a $3.7 trillion market by 2030 if the GENIUS Act passes. Sounds crazy, right? But it could mean more demand for US Treasuries and lower borrowing costs for the government.

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ben.matrixNewbie

Posts: 1362 · Reputation: 35

#21Feb 8, 2022, 09:27 AM

All investors' money could end up backing government bonds. That’s a huge shift for the market!

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Implications of the GENIUS Act on Stablecoins

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