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Stablecoin Retreat Tests Bessent’s Hopes for New Treasury Buyers

Key Points

Treasury Secretary Scott Bessent held out the prospect that stablecoin companies could emerge as trillion-dollar buyers of US government debt.

Treasury Secretary Scott Bessent held out the prospect that stablecoin companies could emerge as trillion-dollar buyers of US government debt.
Stablecoin Retreat (ORG) New Treasury Buyers Treasury (ORG) Scott Bessent (PERSON) US (LOCATION)
Originally published by Bloomberg Technology Read original →