Stablecoins could top $2 trillion by 2028, says Treasury Secretary Bessent as US moves to regulate sector

The US stablecoins market represents 96% of the global $247 billion market. The GENIUS Act cleared a key hurdle this week after passing a cloture vote in the US Senate. Bessent told senators that stablecoins represent a “new mechanism” to reinforce the US dollar’s global position source: https://coinjournal.net/news/stablecoins-could-top-2-trillion-by-2028-says-treasury-secretary-bessent-as-us-moves-to-regulate-sector/