US Treasury Secretary Makes Stunning Admission on Stablecoins and National Debt

US Treasury Secretary Scott Bessent has pointed out the rising influence of the stablecoin industry in addressing the country’s escalating government debt, as reported by Financial Times.  He highlighted how stablecoin issuers, particularly those backed by US Treasuries, could evolve into notable buyers of government securities, providing a new funding channel for debt financing.  Bessent […] The post US Treasury Secretary Makes Stunning Admission on Stablecoins and National Debt appeared first on Coin Edition.