[CRYPTO]■ STORY TIMELINE
STABLECOIN RETREAT THREATENS TREASURY PLAN
Treasury Secretary Scott Bessent's strategy to position stablecoin companies as major buyers of US government debt faces headwinds as the sector contracts. The retreat complicates hopes for new sources of Treasury funding.
Bloomberg Tech+0m
Treasury Secretary Scott Bessent held out the prospect that stablecoin companies could emerge as trillion-dollar buyers…