TechFlame reports that US Treasury Secretary Bessent is betting that the cryptocurrency industry will become a key buyer of US Treasury bonds in the next few years. Currently, the US government is seeking to support the demand for massive new treasury bonds. People familiar with the matter said that Basent has sought information from major stablecoin issuers such as Tether and Circle, and these discussions have affected the Treasury's plans to increase short-term treasury note sales in the next few quarters. The US Treasury hopes stablecoins will become a key source of demand for US government bonds, and this is the latest sign that the White House is pushing cryptocurrencies into the US financial core. Jay Barry, head of global interest rate strategy at J.P. Morgan Chase, one of the largest traders in the US bond market, said, “[Secretary Bessent and Treasury] definitely believe that stablecoins will become a real source of new demand for US Treasury bonds. This is definitely a reason he is relieved (about increasing the share of short-term debt issuance).” (gold 10)