Scott Bessent, founder of Key Square Group and former chief investment officer of Soros Fund Management, stated that stablecoin issuers could potentially purchase up to $1 trillion in US Treasuries. This would help stabilize the Treasury market but also expose it to volatile cryptocurrency demand. Bessent highlighted that stablecoin firms have become significant buyers of US debt, and their immense buying power could have major market implications. The comment was reported by Crypto Briefing.
Scott Bessent, the founder of Key Square Group and a former chief investment officer at Soros Fund Management, said stablecoin issuers could buy up to $1 trillion in US Treasuries in the future. This would help stabilize the Treasury market but also make it reliant on volatile cryptocurrency demand, he noted. Bessent, who previously oversaw Soros's macro investments, highlighted that stablecoin firms have already become significant buyers of US government debt, and their potential buying power could have major implications for the market. The statement was reported by Crypto Briefing.
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