The GENIUS Act proposed in the U.S. aims to standardize stablecoins and could significantly accelerate their growth to $3.7 trillion by 2030.
Growth Prospects for Stablecoins
In a recent post on X, Bessent pointed to research forecasting a $3.7 trillion stablecoin market by 2030. He emphasized that the GENIUS Act could accelerate that growth by introducing clear standards for reserves, audits, and licensing.
GENIUS Regulatory Initiatives
The GENIUS Act, backed by a bipartisan coalition and President Donald Trump, aims to provide stablecoin issuers with operational certainty while improving consumer protections. It is expected to pave the way for broader institutional and commercial adoption.
Impact on Markets and Public Finances
Bessent noted that the law could increase demand for short-term Treasury securities, which in turn could improve financing conditions for federal debt. The integration of stablecoins into traditional financial infrastructure may drastically reshape both the crypto markets and U.S. fiscal policy.
The GENIUS Act represents a significant step toward integrating fintech with traditional finance in the U.S. Its passage could profoundly change the structure of the stablecoin market and public finances.
