Bitwise CIO: If the scale of stablecoins reaches trillions of dollars, the crypto market will be reshaped

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan quoted U.S. Treasury Secretary Scott Bessent on social media, stating: "We will ensure that the dollar continues to be the world's dominant reserve currency, and we will achieve this through stablecoins."

Hougan stated: "No matter how high your expectations are for the assets under management (AUM) of stablecoins, you are likely still underestimating their potential. If stablecoin AUM reaches trillions of dollars, the overall landscape of the crypto market will be reshaped."