Stablecoins and Uncle Sam’s Debt: Why the GENIUS Act Is Treasury’s Secret Weapon

It’s not often that a crypto innovation gets mentioned in the same breath as U.S. government debt management, but stablecoins are rapidly forging that connection. Digital dollars like USDT (Tether) and USDC (Circle) have quietly become major buyers of U.S. Treasury bills – so much so that they now rank among the world’s largest non-sovereign holders of American debt. Lawmakers have taken note. A new bipartisan proposal – the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act – aims to formalize how these dollar-pegged tokens operate. And in doing so, it could supercharge the demand for U.S.

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