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Treasury secretary expects personal sector choice to be “necessary supply of funding” for US authorities
Scott Bessent
Scott Bessent has stated the world faces a selection between central financial institution digital currencies and stablecoins – and that stablecoins will win out.
In an look earlier than the Senate banking committee on February 5, the US Treasury secretary stated he thought the world was “going to choose the US dollar and the personal sector” over CBDCs denominated in euros, yen or different nationwide currencies.
Bessent was requested how US stablecoin coverage fitted into his division’s technique for sustaining the dollar’s position
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