US Treasury Secretary Projects Dollar-Linked Stablecoins Could Top $2tn, Bolstering U.S. Global Financial Power

The Secretary in the United States of the Treasury, Scott Bessent, has planned that the stalls linked to a dollar could exceed 2 billions of dollars in market capitalization, reaffirming the opinion of the administration according to which these digital assets have the potential to strengthen the world domination of the dollar and to offer new impetus for the American economy.

Speaking on Wednesday in front of a Senate credits subcommittee, Bessent said that the rise of Stablecoins was part of a wider strategy to “improve and preserve” the position of the US dollar as a global reserve currency. He stressed that the legislation is currently drawn up at Congress which would oblige stabbed to be fully supported by high -quality liquid assets, such as American Treasury bills, to ensure stability and confidence.

“This administration is committed to maintaining the status of reserve currency and improving this,” said Bessent, a worldwide market veteran during his hedgerow career. “Legislation on the differences supported by US Treasury bills or TB billiards will create a market that will expand the use of the US dollar via these stablecoins from around the world.”

Institutional adoption accelerates the expansion of the stable

The daring projection of 2 billions of Bessente dollars comes in the middle of a wave of institutional adoption of staboins in global finance. The main financial institutions, including Visa, Mastercard and Paypal, have integrated stablecoin transactions into their networks, the bets that tokenized dollars will play a central role in cross -border payments and programmable finances.

At the end of 2023, Paypal launched its own stablecoin, supported by an American dollar, Pyusd, in partnership with Paxos Trust Company, in order to fill traditional funding and blockchain systems. Likewise, Visa began to test USDC (a stablecoin emitted by Circle) to settle payments on Ethereum blockchain, an initiative that has since expanded to other platforms and regions.

Even the banks that once aimed at crypto with caution are now involved. JPMorgan Chase has developed its own JPM piece, a digital token used internally for institutional colonies, while exploring the tokens and payment rails based on blockchain.

This momentum is one of the reasons why the United States government is now looking at the stablecoins as a lever for economic and financial policy. With thousands of dollars that flow worldwide in search of stable digital currencies, political decision -makers aim to consolidate the dollar place at the heart of digital trade by formalizing the rules of engagement through legislation.

Political support as a strategic movement

Bessent’s remarks highlight a broader geopolitical and economic justification: ensuring that the stablescoins linked to a dollar are secure, transparent and widely available, the United States can counter the rise of non-dollar digital currencies, in particular the back versions of the state such as the digital yuan of China, and the rest for the form of American form in the form of private reserves Treasure.

Citigroup previously estimated that purchases of treasury vouchers linked to the stables could exceed 1 dollar billion by 2030, but Bessente thinks that the ceiling could be much higher.

“I think 2 billions of dollars are a very, very reasonable number,” he said, “and I could see him exceeding this.”

These forecasts intervene at a time when the issue of the American debt is accelerating and the government is looking for new investor classes to absorb this offer. Stablecoins, by their structure, naturally require large amounts of treasure assets for support, which makes them a strategic tool not only for financial innovation, but for the stability of public finances.

Currently, stablescoins supported in dollars such as the USDT (TETHER) and the USDC (circle) dominate the market, with a combined traffic of more than $ 160 billion. But the market has gone from cryptographic speculation focused on retail in one with institutional quality infrastructure, compliance tools and real world use cases – including global funding, commercial financing and cash operations on the chain.

Even BlackRock, the largest asset manager in the world, has entered space with its Buidl tokenized fund, built on public blockchain networks and linked to American dollars. These movements mean a change in perception: stabbed are no longer marginal fintechs but a fundamental part of the next generation of financial infrastructure.

In his testimony, Bessent has positioned stablecoins not as a regulatory headache, but as an American political asset, capable of defending the supremacy of the dollar in a rapidly evolving digital world. This means that stablecoins are becoming more and more the vehicle of choice for the use of a dollar abroad, in particular in regions with limited access to American banking services, and the transition from Washington to the regulations and support of signals a historic turning point in the American monetary strategy.