U.S. Treasury Secretary: Expected stablecoin legislation will boost demand for U.S. Treasury securities.

On July 4, U.S. Treasury Secretary Behnam stated that initial measures may involve issuing treasury bonds to supplement the general account of the Treasury Department. The U.S. banking industry will take on more debt issuance. It is expected that stablecoin legislation will drive demand for U.S. Treasury bonds. By the end of Trump's term, the national debt to GDP ratio is projected to reach around 90%. ( Jin10 )

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