According to Forbes, Princeton University senior researcher Bill Dudley stated that stablecoins cannot solve the issue of skyrocketing debt servicing costs for the U.S. Treasury. Although Treasury Secretary Scott Bessett once believed that the rapid growth of stablecoins would boost private sector demand for U.S. Treasury bonds, thereby reducing government borrowing costs, this expectation is unrealistic. Firstly, the rate at which stablecoin issuers purchase Treasury bonds will not grow as anticipated. Secondly, the GENIUS Act prohibits paying interest on stablecoins, leading users to prefer quick turnover rather than long-term holding. Additionally, the high turnover rate of stablecoins and potential restrictions on their use by various countries will impact their effectiveness in alleviating U.S. debt costs. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54686