Treasury Secretary, Scott Besent: “The stablcoin will reinforce the US dollar supremacy”

Trump and his secretary of the Treasure Come to Stablecoins as a key to strengthening the supremacy of the dollar internationally.

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• The secretary of Treasure of the USA. He publicly supported Trump’s vision on the role of the Stablecoins.
  
• Ensures that these assets will reinforce the supremacy of the dollar.
• It is estimated that the market could exceed USD $ 2 billion in three years.
  
• The Biden administration was hard criticized for its attitude towards cryptocurrencies.

The secretary of US Treasury., Scott Besent, said Wednesday that the position of President Donald Trump in favor of cryptocurrencies and stablecoins could consolidate the global supremacy of the US dollar.

Besent’s statements came to place in a shared message through their official X account, where He assured that President Trump’s plan to strengthen the role of the dollar at the international level also involves the stablecoins:

“The stablecoins could reinforce the supremacy of the dollar because they could end up being one of the largest bond buyers,” Besent said in an interview published in X. “There is a very good possibility that cryptocurrencies are one of the tools that ensure the supremacy of the dollar.”

Crypto is not a Threat to the dollar. IN FACT, Stablecoins Can Reinforce Dollar Supremacy.

Digital Assets Are One of the Most Important Phenomena in the World Right Now, Yet They have been ignored by National Government for Far Too Long.

This administration is committed to … pic.twitter.com/vwslgyynw7

– Treasury Secretary Scott Besent (@SecScottbessent) June 18, 2025

The statements occur just after the Senate American will approve a very important legislation for Stablecoins, the Genius Act. Now, the House of Representatives You must decide whether it adopts that version or promotes your own project, previously approved by the FINANCIAL SERVICES COMMITTEE OF LA CAMARA in April.

A strategic commitment to innovation

Donald Trump has expressed his intention to sign a pro-stable law before August. The president seeks to position himself as a defender of financial innovation, as opposed to the regulatory restrictions applied during the Biden administration.

Besent is part of the group of officials appointed by Trump who have openly expressed their enthusiasm for the potential of cryptocurrencies to redefine the global financial system. His vision is that these technologies can not only coexist with the traditional system, but also strengthen it.

According to its estimates, the Stablecoins market backed by the dollar It could exceed USD $ 2 billion in the next three years. This projection contrasts strongly with the current figure: approximately USD $ 240,000 million, according to market data.

The domain of Tether and the role of traditional banking

At the moment, Tether (USDT), based in El Salvador, leads the Stablecoins market with wide advantage. Its capitalization represents a significant portion of the total supply, and its growth has been constant even against global regulatory pressures.

However, traditional actors such as JPMorgan Chase and Bank of America They are already preparing their incursions into the sector. This convergence between the classical financial system and the new digital infrastructure could generate an unprecedented expansion of the Stablecoins ecosystem.

For Besent, this expansion is not only inevitable, but desirable: “With the stablecoins buying treasure bonds, we are seeing a direct integration between crypto and public finances ”he said in the interview.

Criticisms of the Biden approach to cryptocurrencies

The current secretary of Treasure He also strongly criticized former president Joe Biden for his attitude towards the crypto sector. When asked about the attempts of the former president by “limit” To the cryptocurrencies, Besent responded bluntly: “I think ‘limit’ is a very soft word,” I would say ‘extinguish. “

He added that cryptocurrencies are “One of the most important phenomena in the world”, and regretted that the previous government has ignored its relevance.

The Biden administration has been pointed out by sector leaders as little friendly towards innovation in Blockchain. Numerous investigations and legal actions by federal agencies, such as Sec, They have contributed to a perception of hostility that still persists in the industry.

With Trump’s explicit support and officials such as Besent, Stablecoins legislation is expected to quickly advance in the Congress. If specified, it would mark a notable turn in American financial policy towards a more pragmatic adoption of digital assets.

The decision to promote stablcoins not only responds to a logic of technological innovation, but also to a geopolitical calculation: consolidate the domain of the dollar in an increasingly competitive global context.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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