U.S. Treasury Secretary Bessent: 90% of global stablecoins are pegged to the dollar; digital assets are included in the international strategy for the dollar
U.S. Treasury Secretary Scott Bessent attended Ripple’s Swell conference on October 27 and spoke with Ripple CEO Brad Garlinghouse. Bessent said digital assets would become an important tool for maintaining the dollar’s influence in the global economy, noting that more than 90% of stablecoins worldwide are currently pegged to the dollar and that dollar-backed stablecoins have policy significance for overseas payments and demand for U.S. Treasuries. Bessent at Swell: Technology Infrastructure a K
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