Treasury Secretary Bessent reveals plan to tackle soaring $38T debt
U.S. Treasury Secretary Scott Bessent has a solid plan to manage the country's soaring debt and it involves a growing reliance on money-market funds and stablecoins. Speaking at the Treasury Market Conference, Bessent how the department is thinking about long-term borrowing, noting that the explosive rise of stablecoins and money-market funds will play a larger role in shaping future U.S. debt demand./ This marks the first time a Treasury Secretary has publicly positioned stablecoins as a future pillar of U.S. debt financing. For context, a ...
Click
To Read Full Article
