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Digital Assets Could Push US Treasuries to $2 Trillion – Here’s How!

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In the grand theater of global finance, US Treasury Secretary Scott Bessent recently stood before a Congressional House Committee, delivering news that could make Wall Street hold its breath—digital assets might soon create a staggering $2 trillion demand for US Treasuries. No big deal, right? Just a casual trillion-dollar swing.

Bessent, in a voice that echoed the sound of a man trying to speak truth in a room full of distracted politicians, said that the US must step up to the plate and claim its rightful role as the leader in the digital assets game. After all, why should the US let other countries have all the fun with blockchain and crypto? Let’s be the first and best, he says.

“We believe that the United States should be the premier destination for digital assets, and, as members of this committee and the Senate are attempting to do, create good market structure around that so that US best practices are used around the world.” Yeah, nothing like a bit of global dominance to start your morning.

And as if that wasn’t enough to make you sit up straight, Bessent went on to reveal that this whole digital asset thing? It could supercharge the demand for US Treasuries. You heard that right—cryptos driving up demand for good ol’ US government bonds. It’s like the weirdest crossover event ever.

“Digital assets are an important source of innovation that can drive usage of the US dollar around the world, as with stablecoin legislation. There is speculation that there may be up to $2 trillion of demand over the next few years for US government securities from digital assets.” Yes, trillion with a ‘T’. Why not?

But wait—this isn’t just some far-flung fantasy. The ever-watchful Luke Gromen, a veteran macro investor, explains that Bitcoin (BTC) might actually be one of the drivers behind this. When Bitcoin goes on a bull run, the demand for stablecoins—which are pegged to the dollar—surges. And, guess what? Those stablecoins? They’re backed by T-bills, or Treasury bills, just like your grandmother used to stash her savings under a mattress (but in the digital age, of course).

Tether, the heavy-hitter in the stablecoin world, has invested over $94.47 billion in T-bills. And Circle, another stablecoin giant, holds $22.047 billion worth of T-bills. In other words, these coins are basically the unofficial sponsors of Uncle Sam’s financial security. Who knew?

Meanwhile, on Capitol Hill, two stablecoin bills—the STABLE Act of 2025 and the GENIUS Act of 2025—are making their way through Congress. The bills are all about making sure these coins are backed by real-world assets like T-bills. Because, apparently, it’s good to have something real holding up your imaginary internet money. Who would’ve thought?

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2025-05-07 21:52

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