Bessent Says Crypto Can Strengthen Dollar's Global Dominance
Current overview (not historical)
In his keynote at the Ripple Swell conference, U.S. Treasury Secretary Scott Bessent stated that digital assets can reinforce the dollar's global dominance, noting that over 90% of stablecoins are dollar-denominated and held in U.S. Treasuries. He argued that technological leadership is becoming a key pillar of the dollar's status and that the U.S. will 'win' in the digital asset sector to maintain its position. While affirming the continuation of military alliances, Bessent suggested that influence is shifting toward technological systems. His remarks come as the Trump administration takes a more crypto-friendly stance, contrasting with the previous administration's regulatory approach.
Written with AI from the reporting · updated 10/28/2026
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- 1Unclassified fact stationOct 27, 00:00recorded Oct 28, 05:10single sourcerevised
贝森特称加密货币可强化美元全球主导地位
Read original source ↗ CoinDeskReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- treasury-secretary-scott-bessent
- Action：
- 在Ripple Swell大会上表示
- Object：
- 数字资产作为美元影响力基础设施
- Occurred (fact side)：
- Oct 27, 00:00
- Published (valid side)：
- Oct 28, 04:41
- First seen (known side)：
- Oct 28, 05:10
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
- 2Unclassified fact stationOct 28, 00:00recorded Oct 28, 22:48single source
财政部长贝森特称美国将在数字资产领域获胜
Read original source ↗ Bitcoin MagazineReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- treasury
- Action：
- 表示美国将在数字资产领域获胜
- Object：
- 数字资产市场结构
- Occurred (fact side)：
- Oct 28, 00:00
- Published (valid side)：
- Oct 28, 22:14
- First seen (known side)：
- Oct 28, 22:48
Fact stationSingle source · one-sided claimCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- Bitcoin MagazineRelated fact: single sourceU.S. Treasury Secretary Bessent says U.S. will win in digital asset race, stablecoins key to dollar dominance
Report first recorded Oct 28, 22:48
U.S. Treasury Secretary Scott Bessent stated at Ripple's Swell conference that American leadership in digital assets could reinforce the dollar's global position, arguing that financial rails chosen by countries will shape dollar reach. He grouped digital assets with AI and semiconductors as areas where the U.S. and China compete for dominant infrastructure, and suggested stablecoins could give people in high-inflation countries easier access to dollars. CoinGecko data shows dollar-denominated stablecoins account for over 98% of supply, with Tether's USDT and Circle's USDC as the largest. Bessent previously projected stablecoins could generate $2 trillion in short-term demand for Treasury debt, depending on supply growth and reserve rules.
Read original source ↗ - CoinDeskRelated fact: single sourceSource report revisedTreasury Secretary Bessent says crypto can reinforce U.S. dollar dominance
Report first recorded Oct 28, 05:10
Treasury Secretary Scott Bessent stated at Ripple's Swell conference that digital assets could strengthen the U.S. dollar's global dominance as technological leadership increasingly drives economic influence. He argued the Trump administration's passage of the GENIUS Act, which establishes federal rules for stablecoins, expands demand for U.S. dollars and Treasury debt. Bessent noted over 90% of stablecoins are backed by U.S. dollars and hold government securities, saying their growth could become an important source of funding for the Treasury.
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