In the face of increasingly fierce competition in the global financial arena, US Treasury Secretary Scott Bessent shared his bold view on the future of the digital dollar. His assumption that the dollar-pegged stablecoin market can easily reach the $2 trillion mark looks like a well-thought-out plan to strengthen the influence of the US currency.

Bessent, who has become a true expert on the foreign exchange markets thanks to his experience in hedge funds, presented strong arguments in the Senate. He turned to history, recalling that the dollar has faced difficulties more than once, but has always found ways to strengthen its position. Now, digital currencies can become such a tool.

The main point of the proposed regulation is the requirement that stablecoins be fully backed by liquid assets, primarily American government bonds. According to Bessent, this will create additional demand for government bonds and at the same time ensure the spread of digital dollar equivalents around the world. "Stablecoins backed by treasury bills will form a market that will facilitate the use of the dollar through these digital instruments around the world," he stressed.

Experts in the field of finance identify a number of key points in this strategy. First of all, the widespread use of stablecoins backed by such assets can significantly increase the liquidity of government securities. In addition, it will create new opportunities for the spread of the American currency around the world. And thirdly, it may lead to a transformation of the very structure of international financial transactions.

However, not everything is so clear. Are the traditional financial market players ready for this turn of events? How will the growing popularity of stablecoins affect the monetary policy of the Federal Reserve System? And, most importantly, will the dollar be able to maintain its leading position if its digital counterparts begin to function autonomously in decentralized financial networks?

The US authorities are clearly interested in exploiting these prospects. And if Bessent's predictions turn out to be correct, we may witness one of the most important transformative events in the global financial system in recent decades.