U.S. Treasury Secretary: The booming stablecoin ecosystem will drive private sector demand for U.S. Treasuries.

On June 18, U.S. Treasury Secretary Yellen posted on social media, stating, “The latest reports predict that by the end of 2030, the stablecoin market could rise to $3.7 trillion. With the passage of the GENIUS Act, this prospect has become even more promising. A thriving stablecoin ecosystem will drive private sector demand for U.S. Treasury bonds—which are the asset support source for stablecoins. This new demand could drop government borrowing costs and help control national debt. At the same time, it could open the door to a dollar-based digital asset economy for millions of users around the globe. This is a win-win-win situation for all parties involved: the private sector benefits; the U.S. Treasury benefits; consumers benefit. This is the result of wise, innovation-supporting legislation.”