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US Treasury Secretary Yellen: GENIUS Act Passage to Brighten Stablecoin Market Outlook

Summary: In breaking news, US Treasury Secretary Yellen posted on X platform stating that recent reports predict the stablecoin market could reach $37 trillion by the end of the next decade. With the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand ...

In breaking news, US Treasury Secretary Yellen posted on X platform stating that recent reports predict the stablecoin market could reach $37 trillion by the end of the next decade. With the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for US Treasury bonds, which are the backbone of stablecoins. This new demand is expected to lower government borrowing costs, help control national debt, and potentially attract millions of new users globally to join the USD-based digital asset economy. This is a win-win-win situation for all participants.

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Link: US Treasury Secretary Yellen: GENIUS Act Passage to Brighten Stablecoin Market Outlook [Copy]

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