US Treasury Secretary: Stablecoin Legislation Expected to Boost Demand for US Treasuries

BlockBeats News, July 4 — U.S. Treasury Secretary Bessent stated that, initially, the Treasury may supplement its general account by issuing Treasury bills. The U.S. banking sector will take on more debt issuance. Stablecoin legislation is expected to drive demand for U.S. Treasuries.

By the end of Trump’s term, the national debt-to-GDP ratio will reach the 90% range. (Jin10)