U.S. Treasury Secretary: Stablecoin legislation is expected to boost demand for U.S. Treasuries

Odaily News U.S. Treasury Secretary Bessant said that the Treasury's general account may be supplemented initially by issuing Treasury bills. The U.S. banking industry will undertake more debt issuance. It is expected that stablecoin legislation will drive demand for U.S. Treasuries. By the end of Trump's term, the national debt to GDP ratio will reach the 90% range. (Jinshi)