2026-10-28 00:54:00
U.S. Treasury Secretary Says Digital Assets Can Strengthen Dollar's Global Dominance, With 90% of Stablecoins USD-Backed
According to CoinDesk, U.S. Treasury Secretary Scott Bessent stated on October 28 at the Ripple Swell conference that digital assets can help reinforce the U.S. dollar's global dominance. Bessent noted that over 90% of stablecoins are backed by the U.S. dollar, with issuers typically holding U.S. Tr