Goldman Sachs and U.S. Treasury Secretary Bessent Predict Rapid Growth for Stablecoins

According to a report by Fortune on the 20th, Goldman Sachs and U.S. Treasury Secretary Scott Bessent predict a rapid growth for stablecoins. The introduction of new regulations and the vast potential of the expanding payment market are expected to be the driving forces behind this growth. Secretary Bessent anticipates that stablecoins will boost the U.S. Treasury market, and the government plans to increase the issuance of short-term bonds in response to demand. In a statement in July, he mentioned, 'This groundbreaking technology will strengthen the dollar's status as the world's reserve currency and lead to a surge in demand for U.S. Treasuries backing stablecoins.' Related: 'Project Crypto Japan' to be promoted by the Democratic Party of the People...