Scott Bessent bets on stablecoins to bolster demand for Treasuries
Treasury secretary’s discussions with crypto groups have helped inform issuance decisions
Related reading
Scott Bessent discussed ways to recast ties between Federal Reserve and…
Conversations come at time when Donald Trump has launched assault on US central bank
New finance needs a new kind of Treasury note
As blockchain activity rises, there is a case for a security that increases systemic resilience and lowers US borrowing costs
Bank of England dilutes planned rules for UK stablecoins
Central bank partly backs down after industry criticism over plan for digital tokens
Why Trump’s team is betting on stablecoins
The administration sees these digital assets as a tool in the fight against de-dollarisation
The coming crypto crisis
Bipartisan backing of stablecoins will hurt America’s economy and its politics
China tests out stablecoins amid fears of capital outflows
Policymakers say dollar-backed tokens cement US dominance but regulator warns of money-laundering risk