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U.S. Treasury Secretary Bets on Stablecoins as Key Buyers of Treasury Bonds, Promoting Integration of Cryptocurrency into Financial Core

2025-08-20 12:17:41
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ChainCatcher news, according to Jin10, U.S. Treasury Secretary Basant is betting that the cryptocurrency industry will become a key buyer of U.S. government bonds in the coming years. The U.S. government is seeking to support the demand for a massive amount of new debt, and Basant has sought information from major stablecoin issuers like Tether and Circle. These discussions have influenced the Treasury's plans to increase short-term Treasury bill sales in the coming quarters. The U.S. Treasury hopes that stablecoins will become a key source of demand for U.S. government bonds, and JPMorgan's global rates strategy chief Jay Barry stated that Basant absolutely believes stablecoins will be a real source of new demand for U.S. Treasuries.

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