The post Donald Trump’s Treasury Secretary Predicts $2 Trillion Stablecoin Boom appeared first on Coinpedia Fintech News
The crypto market erupted in excitement when Donald Trump defeated Kamala Harris in November 2024. Between November 5 and December 8, the total crypto market surged by 63.36%, fueled by optimism around pro-crypto leadership.
However, after Trump’s inauguration, market momentum began to cool as the administration adopted a cautious but strategic approach to crypto regulation. Despite this, key pro-crypto policies have been rolled out and prominent crypto-friendly figures have taken top positions in the government.
Now, US Treasury Secretary Scott Bessent has issued a strong statement reaffirming the administration’s support for digital assets. In a recent interview, Bessent revealed bold plans to grow the crypto sector under strict but supportive regulatory frameworks.
Bessent Reaffirms U.S. Commitment to Crypto Innovation
Making it clear that the Trump administration stands firmly behind crypto, Bessent criticized the previous administration’s destructive regulatory stance that disrupted many crypto businesses. He pledged that the current leadership would encourage sustainable innovation through a balanced and improved regulatory structure.
Stablecoins to Drive $2 Trillion Demand for U.S. Treasuries?
In a major revelation, Bessent projected that stablecoins could generate $2 trillion in short-term demand for U.S. Treasuries and Treasury bills, a dramatic rise from the current demand of $300 billion.
Stablecoins, such as Tether (USDT), are typically backed 1:1 with fiat currency like the U.S. dollar and maintain reserves in liquid assets—including government bonds. As these coins gain traction, their issuers are becoming key buyers of U.S. debt instruments, potentially reshaping the treasury market.
This surge in demand could:
- Lower U.S. borrowing costs
- Bolster the dollar’s global strength
- Finance more government spending without relying on traditional buyers
Tether’s CEO Paolo Ardoino recently backed this vision, asserting that USDT would help solidify the dollar’s dominance globally.
Meanwhile, the U.S. Senate is preparing a stablecoin regulatory bill, expected to provide legal clarity and trigger institutional adoption. Rumors suggest that giants like Fidelity and JPMorgan may soon issue their own stablecoins.
Trump Admin Moves Ahead with Bitcoin Strategy
In March 2025, the Trump administration took a historic step by signing an executive order to establish a strategic Bitcoin reserve, solidifying the U.S. government’s active role in the crypto space.
Since Trump’s election:
- Bitcoin market rose 59.31% overall
- November 2024 alone saw a 37.4% spike
- Last 3 months: +11.7%
- Last 30 days: +17.1%
- Last 7 days: +4.4%
Previously, Bessent confirmed that the U.S. government is open to acquiring more Bitcoin, including confiscated assets, to strengthen the national reserve.
What’s Next for U.S. Crypto Policy?
The message is clear: The Trump administration is not just supportive of crypto in theory—it is actively laying the foundation for long-term digital asset adoption, with strategic Bitcoin acquisition and a regulatory framework that fosters institutional confidence.With a $2 trillion stablecoin demand forecast, new laws in the pipeline, and increasing government involvement, the U.S. is poised to lead the next wave of crypto adoption—all under Trump’s watch.
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The post Donald Trump’s Treasury Secretary Predicts $2 Trillion Stablecoin Boom appeared first on Coinpedia Fintech News
The crypto market erupted in excitement when Donald Trump defeated Kamala Harris in November 2024. Between November 5 and December 8, the total crypto market surged by 63.36%, fueled by optimism around pro-crypto leadership. However, after Trump’s inauguration, market momentum began to cool as the administration adopted a cautious but strategic approach to crypto regulation. …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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