TechFlow, June 12 — According to Bloomberg, U.S. Treasury Secretary Scott Bessent reiterated on Wednesday that dollar-backed stablecoins have the potential to strengthen the dollar's position in the global financial system, and stated that the market size of dollar-backed stablecoins could reach $2 trillion or more.
Bessent said that throughout history, the dollar's status has occasionally been questioned, but such concerns are often countered by new dynamics that provide fresh momentum for the dollar.




