The United States Secretary of the Treasury Scott Bessent is convinced that people around the world will choose stablescoins compared to the Central Bank digital currencies (CBDC).
In a new interview with Bloomberg, Bessent says that the Stablecoin sector creates a “new exciting payment rail”.
“And above all, it will be a source of demand for the American treasure market, because if you think, in terms of preference in the world, you prefer to have a private stablecoin which is supported by American treasures with best American practices and regulations, or do you prefer to have a banking (European central European) or (Banque Populaire de China). Regulations all day, every day. “”
Bessent says that he encouraged the members of the House of Representatives to adopt the version of the Senate of the “such” engineering law and thinks that the bill could make its way through the Chamber by mid-July.
Potential legislation would force stable issuers to maintain support for their assets on a 1: 1 report.
The bill also stipulates that reserves of stablecoin issuers can be made up of American currency; Funds held requesting requests or assured actions in an assured filing institution; and invoices, tickets or bonds of the Treasury.
The Senate adopted the bill last month.
https://www.youtube.com/watch?v=wu0axxujrzg
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