According to Deep Tide TechFlow news on May 24, reported by Coinpedia, U.S. Treasury Secretary Scott Bessent stated in a recent interview that stablecoins could bring $2 trillion in short-term demand for U.S. Treasury bonds and bills, far exceeding the current $300 billion.
Bessent reiterated the Trump administration’s firm support for cryptocurrency innovation and criticized the previous administration’s destructive regulatory stance. He pledged to encourage sustainable innovation through a balanced and improved regulatory framework.
Stablecoins like Tether (USDT) are typically backed 1:1 by fiat currencies such as the US dollar and hold reserves in liquid assets (including government bonds). As these tokens gain wider adoption, their issuers are becoming important buyers of US debt instruments.
At the same time, the U.S. Senate is preparing a stablecoin regulatory bill that is expected to provide legal clarity and promote institutional adoption. Market rumors suggest that Fidelity and JPMorgan may soon issue their own stablecoins.
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