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US Treasury Secretary: Expected Stablecoin Legislation to Boost Demand for US Treasury Bonds

Summary: According to sources, US Treasury Secretary Yellen stated that preliminary measures may involve issuing Treasury securities to supplement the Treasury's general account. The US banking sector will take on more debt issuance. It is expected that stablecoin legislation will boost demand for US Treasury bonds. By the end of Trump's term, the ratio of national ...

According to sources, US Treasury Secretary Yellen stated that preliminary measures may involve issuing Treasury securities to supplement the Treasury's general account. The US banking sector will take on more debt issuance. It is expected that stablecoin legislation will boost demand for US Treasury bonds. By the end of Trump's term, the ratio of national debt to GDP will reach the 90% range.

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