Growth Prospects of the Stablecoin Market by 2030
According to a report on June 18, US Treasury Secretary Bessent predicted that the stablecoin market will reach a value of up to $3.7 trillion by 2030. This figure reflects the sustainable growth of this type of cryptocurrency, especially in the context of policies promoting digital ecosystem development. Stablecoin, backed by US Treasury bonds, has become a crucial financial tool in stimulating demand from both individual organizations and global businesses. This is an important step towards comprehensive integration of the USD-based cryptocurrency ecosystem.
The Role of GENIUS Law in Promoting Stablecoin Market Growth
The GENIUS law is considered a breakthrough legal leverage, expanding the development potential of stablecoin. With the enactment of this law, the volatility and risks of the cryptocurrency market will significantly decrease. This supportive policy not only creates conditions for institutional investors but also encourages intermediary businesses to develop new services based on stablecoin. The expected growth to $3.7 trillion demonstrates confidence in maintaining the strength and stability of the USD-based digital financial ecosystem.
Financial Stability and Economic Benefits from Stablecoin
Stablecoin, backed by US Treasury bonds, plays a role as a stability center for cryptoassets. This helps reduce price volatility and enhance liquidation. Bessent emphasized that this integration also helps reduce government borrowing costs, thereby controlling national debt. At the same time, it creates conditions for global investors to participate in the digital ecosystem, promoting diversity and expansion of the USD-based digital financial landscape. This move is also a "creative legal victory" of US legal policy in the cryptocurrency era.
