Bessent Signals Commitment to ‘Gradual’ Debt Issuance Changes

Treasury Secretary Scott Bessent said his department is prepared to alter the types of US Treasury securities it sells, “adjusting issuance gradually to avoid market disruptions,” in response to evolving patterns of investor demand. Bessent said the stablecoin market, at around $300 billion today, is set to mushroom in coming years thanks to the passage of the Genius Act and could “grow ten-fold by the end of the decade.” He spoke Wednesday to a Federal Reserve Bank of New York conference. (Source: Bloomberg)