U.S. Treasury Secretary: Stablecoin Regulation Expected to Boost Demand for U.S. Treasury Bonds

BlockBeats News, July 4th, U.S. Treasury Secretary Yellen stated that it is preliminarily possible to supplement the Treasury's general account through the issuance of Treasury bills. The U.S. banking industry will bear more debt issuance. It is expected that stablecoin legislation will drive demand for U.S. Treasuries.

By the end of Trump's term, the national debt-to-GDP ratio is expected to reach the 90% range. (Jin10)