White House Crypto Czar Reveals How Stablecoins Could Unleash Trillions of Dollars for US Treasuries
In a shocking revelation, President Donald Trump’s advisor on crypto and AI, David Sacks, has uncovered a catalyst that could send demand for US treasuries skyrocketing into the trillions. 🤯
According to Sacks, the passing of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) in the U.S. Senate and its potential signing into law offers “regulatory clarity and stability” for the stablecoin crypto sector. 📜
But wait, there’s more! Sacks believes that the GENIUS Act could trigger a massive demand for US government debt from various parts of the world. 🌍
“… the [stablecoin] float is expected to grow from, call it, roughly $250 billion to trillions of dollars. And that would create more demand for the US dollar internationally. I think you could see other economies start to dollarize from the bottom up as their citizens would prefer to use US digital dollars as opposed to whatever fiat currency they’re using. And that would create potentially trillions of dollars of new demand for US treasuries.”
The GENIUS Act will also spur innovation in the payments industry, according to the White House advisor. 💳
“And I think that the bill will provide the framework that will give confidence to a lot of traditional financial players to enter the space. And so I think you’re going to see new stablecoin products. And I think you will also see stablecoins being used as payments. I think this is one of the really exciting things about the bill, is that blockchain infrastructure will be used as a new kind of dollar-based payment system, that’s faster, more efficient, smoother. It’s a payment system of the future.”
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2025-06-20 10:21