U.S. Treasury Secretary: Stablecoin legislation is expected to drive demand for U.S. Treasury bonds

ChainCatcher news, according to U.S. Treasury Secretary Yellen, it is preliminarily possible to supplement the Treasury's general account by issuing Treasury bonds. The U.S. banking industry will take on more debt issuance. It is expected that stablecoin legislation will drive demand for U.S. Treasury securities.

By the end of Trump's term, the national debt to GDP ratio is expected to reach around 90%. (Jin10)