Demand to the ‘Order of Trillions’ Could Be Coming for US Debt, According to Treasury Deputy Secretary Michael Faulkender – Here’s How

Description

Trillions of dollars could flow into the US Treasury market following the approval of a landmark stablecoin bill, according to Treasury Deputy Secretary Michael Faulkender. Last week, President Trump signed the GENIUS Act into law, establishing a regulatory framework for stablecoins, cryptocurrencies pegged to the US dollar, requiring each token to be fully backed by liquid assets such as cash or short-term US Treasuries. In a new Bloomberg interview, Faulkender explains in detail how the passag...