CNBC: Stablecoins may become an important source of funds for the US government and a new tool to make up for the deficit

2025/06/21 21:47

PANews reported on June 21 that according to CNBC, stablecoins may become a new tool for U.S. Treasury Secretary Bessant to make up for the country's deficit. Bessant previously praised the GENIUS Act and said that a regulated and growing stablecoin market could create new buyers for U.S. government debt and boost private sector demand for U.S. Treasuries. Bessant previously told the U.S. House of Representatives Financial Services Committee in May that some speculated that the demand for U.S. government securities in the stablecoin market could be as high as $2 trillion in the next few years.

However, analysts believe that the stablecoin industry is unlikely to completely solve the U.S. government’s debt financing problem and may bring additional risks because the additional demand for stablecoins takes time to develop, and the U.S. Treasury may need to issue a large amount of debt securities within a year. If problems arise and the Federal Reserve is unable to cut interest rates, the U.S. deficit will get out of control.

Aviso legal: Los artículos republicados en este sitio provienen de plataformas públicas y se ofrecen únicamente con fines informativos. No reflejan necesariamente la opinión de MEXC. Todos los derechos pertenecen a los autores originales. Si consideras que algún contenido infringe derechos de terceros, comunícate con service@support.mexc.com para solicitar su eliminación. MEXC no garantiza la exactitud, la integridad ni la actualidad del contenido y no se responsabiliza por acciones tomadas en función de la información proporcionada. El contenido no constituye asesoría financiera, legal ni profesional, ni debe interpretarse como recomendación o respaldo por parte de MEXC.
Compartir perspectivas

También te puede interesar

Lark Davis Takes Swipes At Cardano Over Low Users, Sparks Fierce Reactions From Community ⋆ ZyCrypto

Lark Davis Takes Swipes At Cardano Over Low Users, Sparks Fierce Reactions From Community ⋆ ZyCrypto

The post Lark Davis Takes Swipes At Cardano Over Low Users, Sparks Fierce Reactions From Community ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Crypto investor Lark Davis has poked holes into Cardano over its low user base, but community members have swooped in to defend the blockchain. ADA defenders cite its nearly eight-year uptime, governance mechanism, scalability, and growing utility as reasons for their confidence in the project. Lark Davis Stirs The Hornet’s Nest Bitcoin investor Lark Davis has criticized Cardano over its dwindling user base, casting doubt over its market capitalization. In an X post, Davis disclosed that Cardano’s market capitalization sits at $32 billion despite low activity levels on the blockchain, placing it side-by-side with Pump.fun. According to Davis, Pump.fun has emerged as one of the most popular projects in the cryptocurrency world, with a market capitalization of $2 billion. Given the activity levels of the Solana-based platform, Davis predicts a higher valuation for the project’s native token, PUMP. “Cardano, which almost no one uses, is worth $32 billion,” said Davis. “Pump Fun, one of the most popular and highest revenue apps in the entire industry, is worth just $2 billion. HIGHER.” At the moment, ADA trades at $0.92, rising by 13.27% over the last week in a rally driven by a raft of ecosystem activity. On the other hand, Pump.fun has surged 5% on the 24-hour chart to trade at $0.006. Amid the comparison, Davis disclosed that he owns a stash of PUMP tokens, fuelling a wave of reactions from Cardano proponents. Advertisement &nbsp Pseudonymous X account Dave took swipes at Davis’ claims of low activity on the Cardano network. Dave noted that “Cardano is widely used” and is still running after processing nearly $114 million in eight years. Dave argued that Cardano has consistently ranked as one of the top ten largest cryptocurrencies by market capitalization since launch. He pointed to a growing ecosystem…
Compartir
BitcoinEthereumNews2025/09/14 06:28
Compartir