U.S. Government Bets on Stablecoins Like Tether to Expand to $3 Trillion, Raising Regulatory Risk

According to Bloomberg, reported via ChainCatcher, the U.S. government is betting on privately-issued stablecoins denominated in U.S. dollars—primarily Tether—to expand to approximately $3 trillion in scale over the coming years to support dollar dominance and boost demand for U.S. Treasury securities. However, Bloomberg's analysis highlights that major stablecoin issuers remain concentrated in entities with questionable compliance practices and anti-money laundering enforcement, particularly Tether. The article warns that bank runs or smart contract failures could destabilize these operators' substantial holdings of U.S. Treasury assets and disrupt global payments and settlement systems.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments