Stablecoin Market Projected to Reach $3.7 Trillion by 2035

According to Odaily, U.S. Treasury Secretary Besant recently shared on the X platform that reports predict the stablecoin market could reach $3.7 trillion by the end of the next decade. The passage of the GENIUS Act is expected to enhance the outlook for the stablecoin market. The stablecoin ecosystem is anticipated to drive private sector demand for U.S. Treasury bonds, which underpin stablecoins. This new demand is likely to reduce government borrowing costs and help manage national debt, while potentially attracting millions of new users globally to the dollar-based digital asset economy. This scenario presents a win-win situation for all involved.