[U.S. Treasury Secretary Bets on Stablecoins as Key Buyers of U.S. Debt, Pushing for Integration of Crypto Assets into Financial Core] Jin10 Data, August 20 – According to the Financial Times, U.S. Treasury Secretary Becerra bets that the crypto assets industry will become a key buyer of U.S. government bonds in the coming years, as the U.S. government seeks to support the demand for massive new debt. Sources indicate that Becerra has sought information from major stablecoin issuers such as Tether and Circle, and these discussions have influenced the Treasury's plans to increase short-term Treasury bill sales in the coming quarters. The U.S. Treasury hopes that stablecoins will become a key source of demand for U.S. government bonds, marking the latest sign from the White House to push for the integration of crypto assets into the U.S. financial core. Jay Berry, Global Interest Rate Strategist at JPMorgan, one of the largest traders in the U.S. bond market, stated: "(Secretary Becerra and the Treasury) absolutely believe that stablecoins will become a real source of new demand for U.S. government bonds. This is definitely the reason he feels reassured (about increasing the proportion of short-term debt issuance)."


( from Jin10 Data APP )
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin