Goldman Sachs (NYSE:GS) expects the global stablecoin market to expand into the trillions of dollars in the coming years, a forecast that underscores Treasury Secretary Scott Bessent's efforts to position the sector as a major buyer of US government debt.
What Happened: Stablecoins, digital tokens typically pegged to the US dollar and backed by safe assets such as Treasury bills, currently account for about $250 billion in circulation.
