US Treasury Secretary “Stablecoin, 5000 Trillion Market Within 5 Years…Could Reduce National Debt”

U.S. Treasury Secretary Besent Supporting Stablecoin Market Growth (Source: Politico)

Scott Besent, U.S. Treasury Secretary, emphasized that the rapid growth of the stablecoin market could positively impact national finances. On the 18th, he announced via his X account that “the stablecoin market will grow to a size of $3.7 trillion (about 5,000 trillion won) by the end of 2030.”

Secretary Besent particularly explained that “this growth increases demand for U.S. Treasury bonds, which can contribute to national debt management.” The logic is that, since Stablecoins are structured to hold U.S. Treasury bonds as reserves, they naturally expand the demand for U.S. Treasury bonds in the private sector.

He assessed that the possibility of this forecast becoming a reality has increased, coinciding with the Senate passage of the Stablecoin Regulation Bill, Genius (GENIUS). The Genius Bill includes issuance collateral requirements and issuer audit obligations, providing a foundation for mainstream integration.

Besent added, “The healthy growth of the Stablecoin ecosystem creates a structure that benefits not only investor protection but also the U.S. economy and finance,” stating “this is beneficial for everyone.”