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Recently, a new initiative by U.S. Treasury Secretary Besant has garnered widespread attention in the financial sector. According to reports, Besant is actively exploring the possibility of the Crypto Assets industry as a potential buyer of U.S. government bonds, a move seen as an innovative attempt to address the growing financing needs of the U.S. government.
It is reported that Bessent has begun contacting major stablecoin issuers such as Tether and Circle to seek relevant information. This move not only impacts the Treasury's plans to increase short-term Treasury bill sales but also highlights the increasingly important role of digital currency in the U.S. financial system.
J.P. Morgan's global interest rate strategy head, Jay Barry, stated that Bessent believes stablecoins could become an important source of new demand for U.S. Treasuries. This view has given the Treasury more confidence in increasing short-term debt issuance.
This initiative reflects the U.S. government's active pursuit of innovative ways to support the demand for its large-scale national debt issuance. As the digital currency industry continues to develop, its role in the traditional financial system is also gradually evolving.
However, this move has also raised some questions: Can the digital currency industry become a reliable buyer of U.S. Treasury bonds? What kind of impact will this practice have on the financial markets? In the future, we may witness a deeper integration of digital currency and the traditional financial system.