26-5-2025 – Key Square Group’s CEO Scott Bessent has ardently championed digital assets during a recent dialogue, suggesting a transformative role for American-backed stablecoins in global finance. The former US Treasury official envisages these digital currencies potentially generating an extraordinary $2 trillion demand for US Treasury securities, thereby reinforcing the dollar’s international supremacy.
“Digital assets feature prominently in our strategy,” Bessent declared, highlighting the current administration’s commitment to establishing transparent regulatory frameworks whilst encouraging domestic crypto innovation. This approach marks a notable departure from previous governmental policies which, according to Bessent, prompted numerous crypto enterprises to relocate abroad.
The impending Senate approval of fresh stablecoin legislation, embedded within the GENIUS Act, represents a significant milestone towards formalising crypto industry regulations. This comprehensive framework mandates that stablecoins maintain complete backing through secure, readily convertible assets such as Treasury bills, whilst implementing robust measures against money laundering and terrorism financing.
Financial analysts note that should market predictions materialise, stablecoin issuers could eclipse even major foreign nations like China as predominant US Treasury securities purchasers by 2030. BlackRock’s chief executive Larry Fink has similarly endorsed this trajectory, characterising tokenisation as finance’s future landscape.
Bessent particularly emphasised the importance of introducing stringent American regulations and anti-money laundering protocols to the stablecoin sector. Industry projections suggest stablecoin issuers could soon command approximately $2 trillion in US government securities—a substantial increase from their current $300 billion position.
Should any stablecoin enterprise collapse, the proposed legislation ensures investors maintain priority status for fund recovery. Industry specialists contend these measures deliver long-awaited structure and transparency, effectively positioning stablecoins as legitimate, regulated digital equivalents to national currencies rather than speculative crypto investments.
