Treasury Secretary Scott Bessent spoke at Ripple's Swell conference on October 27, arguing that stablecoins could reinforce the dollar's global position. The host says stablecoin issuers may become the most reliable buyers of U.S. Treasuries as foreign governments buy less, and that easier access to dollars helps people escape hyperinflating currencies or political problems. Bessent also said the Treasury could coordinate with the SEC and CFTC on crypto rules and advocated safeguards against crypto de-banking, known as Operation Choke Point 2.0. The host notes the remarks were made to a crypto audience.
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stablecoinsUS dollarcryptoScott Bessent
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DXY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/27/2026 | 102.37 |
| Change that session | +0.35% |
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