Treasury Secretary Scott Bessent, speaking at Ripple's Swell conference on October 27, said digital assets could reinforce the dollar's global position. He argued that stablecoin issuers could become the most reliable buyers of U.S. Treasuries as foreign governments buy fewer, and that easy access to dollars helps people in countries with hyperinflating currencies. He also said the Treasury could coordinate with the SEC and CFTC on crypto rules and advocated safeguards against crypto de-banking. The host noted the remarks were made to a crypto audience.
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stablecoinsUS dollarcryptoScott Bessent
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/27/2026 | 102.37 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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