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This Rapidly Growing Sector of the Crypto Market Could Be Worth $2 Trillion in Just 3 Years, According to Treasury Secretary Scott Bessent
Five years ago, stablecoins were a $20 billion industry. Today, they are a $250 billion industry. And in just three years, this rapidly growing sector of the cryptocurrency market could be worth an eye-popping $2 trillion.That's according to U.S. Treasury Secretary Scott Bessent, who recently testified in front of Congress about the future growth of the stablecoin market. As a result, stablecoins could be a once-in-a-lifetime investment opportunity -- as long as you know where to look.As Bessent sees it, stablecoins are becoming the new digital pillars of the dollar-based global financial system. Thus, the U.S. government must do everything it can to foster the growth of this industry, including passing new stablecoin legislation that's currently working its way through Congress.Continue reading
Five years ago, stablecoins were a $20 billion industry. Today, they are a $250 billion industry. And in just three years, this rapidly growing sector of the cryptocurrency market could be worth an eye-popping $2 trillion.
That's according to U.S. Treasury Secretary Scott Bessent, who recently testified in front of Congress about the future growth of the stablecoin market. As a result, stablecoins could be a once-in-a-lifetime investment opportunity -- as long as you know where to look.
As Bessent sees it, stablecoins are becoming the new digital pillars of the dollar-based global financial system. Thus, the U.S. government must do everything it can to foster the growth of this industry, including passing new stablecoin legislation that's currently working its way through Congress.
