<ul data-eligibleForWebStory="true"><li>U.S. Treasury Secretary Scott Bessent believes stablecoins will enhance the U.S. dollar's global dominance.</li><li>Bessent stated that stablecoins could become significant buyers of U.S. Treasurys, potentially securing dollar supremacy.</li><li>He defended cryptocurrencies against skeptics who view them as a threat to the U.S. dollar, calling digital assets crucial and ignored by governments.</li><li>The U.S. Senate passed a bill paving the way for regulated, dollar-backed stablecoins, with President Trump endorsing it to make the U.S. a leader in digital assets.</li><li>Trump urged House lawmakers to swiftly pass the stablecoin bill, aiming to advance pro-crypto legislation.</li><li>Major companies like JPMorgan Chase, Apple, Bank of America, Walmart, and Amazon are eyeing the stablecoin sector, potentially leading to a market worth trillions.</li><li>Bessent predicts the stablecoin market could reach $3.7 trillion by the decade's end.</li></ul>

Stablecoins Can Strengthen Dollar Dominance, Says U.S. Treasury Secretary Bessent

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