According to Foresight News , citing the Financial Times, Tether is projected to become the seventh-largest overseas buyer of U.S. Treasury bonds, with net purchases reaching $28.2 billion in 2025. Its holdings, along with Circle's, will surpass those of countries like South Korea and Saudi Arabia. U.S. Treasury Secretary Scott Bessent believes stablecoins are a tool for promoting the dollar and absorbing U.S. debt, and expects the industry to grow from its current $300 billion to $3 trillion.
Currently, the banking and cryptocurrency industries are competing over stablecoin rules. JPMorgan Chase CEO Jamie Dimon and Coinbase CEO Brian Armstrong disagree on the relevant terms. Banks are concerned that allowing third parties to pay interest on stablecoins would lead to a flow of retail deposits into stablecoins, thereby increasing financial risk. This dispute has already divided Trump supporters and involves a conflict of interest between Wall Street banks and crypto industry donors.
