@SecScottBessent forecast $3.7T is 15x larger than current stablecoin
- USDT USDC represents 25%-30% of Ethereum network fees today $CRCL
15x rise = exponential growth in Eth network usage
Ethereum is a direct beneficiary of GENIUS Act and coming surge in stablecoins
PS: Eth currently $2,500 per coin
@fs_insight @FundstratCap
Recent reporting projects that stablecoins could grow into a $3.7 trillion market by the end of the decade. That scenario becomes more likely with passage of the GENIUS Act.
A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back stablecoins. This newfound demand could lower government borrowing costs and help rein in the national debt. It could also onramp millions of new users—across the globe—to the dollar-based digital asset economy.
It’s a win-win-win for everyone involved:
✅The private sector
✅ The Treasury
✅ Consumers
These are the fruits of smart, pro-innovation legislation.
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