Scott Bessent predicts stablecoins could generate $2 trillion in U.S. Treasury demand, reinforcing the dollar's status as the world's reserve currency.
The use of stablecoins in the U.S. could lead to increased global demand for U.S. dollars and Treasuries.
Applying high regulatory standards to stablecoins could result in $2 trillion in demand for U.S. Treasury securities.
The forecast suggests that properly regulated stablecoins could be vital for financial innovation and supporting global dollar dominance.