Traders on X are sharing one Bessent line: crypto stablecoins can strengthen the US dollar's global dominance (WatcherGuru, 3,056 likes).
He said it at Ripple's Swell on Oct 27, pitching dollar stablecoins as a funding source for the Treasury, with reserves in Treasuries.
Why it matters: $USDT supply is near $181B and $USDC near $72B, so reserve shifts move Treasury demand. But an endorsement is not a rally, and he gave no dollar estimate.
My take: the test is GENIUS Act rules from Jan 18, 2027. Embrace or tighter rules, which wins? 👇
Not financial advice. DYOR.
#crypto #stablecoins
He said it at Ripple's Swell on Oct 27, pitching dollar stablecoins as a funding source for the Treasury, with reserves in Treasuries.
Why it matters: $USDT supply is near $181B and $USDC near $72B, so reserve shifts move Treasury demand. But an endorsement is not a rally, and he gave no dollar estimate.
My take: the test is GENIUS Act rules from Jan 18, 2027. Embrace or tighter rules, which wins? 👇
Not financial advice. DYOR.
#crypto #stablecoins
