Expert Warns U.S. Treasury Secretary Bessent May ‘Destroy’ Stablecoins, Here’s Why

TLDR: Scott Bessent’s stablecoins comments point toward CBDCs designed to tie crypto liquidity directly to U.S. Treasuries. Ripple technology may be used as infrastructure for CBDCs while regulators create cover with ongoing legal battles. CBDCs could replace private stablecoins as exchanges face pressure to integrate government-backed settlement rails. Critics say CBDCs risk erasing privacy and [...]

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