The crypto gold rush has already begun: stablecoins are in Wall Street's sights.

The digital economy is experiencing a defining moment, and stablecoins are at the heart of this transformation.

These digital currencies, backed by US dollars or Treasury bonds, have ceased to be a technological curiosity and have become key instruments of monetary policy and financial expansion. This is what they claim. Goldman Sachs and the US Treasury Secretary, Scott Bessen, who see them as the driving force of a new “gold rush” that could redefine the global financial system.

From the gold rush to the digital revolution

The analogy of stablecoins to the "gold rush" is not accidental. Just as in the 19th century, when gold fueled economic expansion and institutional consolidation in the United States, today stablecoins promise a similar effect: attract capital, strengthen the dollar and stimulate demand for Treasury bondsThis strategic vision is supported by an emerging regulatory framework that seeks to provide legitimacy and stability to a market that, until recently, operated on the margins of the traditional financial system.

The GENIUS Act, recently passed by the Treasury, is the catalyst for this transformation. Designed to establish clear and consistent rules, this legislation makes stablecoins regulated, secure, and attractive assets for financial institutions, payment platforms, and global users. 

For Goldman Sachs, this convergence of regulation, technology, and monetary policy represents a historic opportunity, not only to expand the use of the digital dollar, but also to consolidate the United States' leadership in the decentralized economy.

GENIUS Act: The bridge between Web3 and traditional finance

The passage of the GENIUS Act not only marks a turning point in cryptocurrency regulation in the United States, but also redefines the role of stablecoins in the global financial architecture. Until now, these digital currencies were viewed as trading tools or niche instruments. Today, thanks to this innovative regulation, they are becoming vehicles for stability, financial inclusion, and institutional expansion.

The central principle of the GENIUS Act is clear: Every stablecoin must be backed 1:1 by US dollars or Treasury bonds.This requirement not only guarantees transparency and security for users, but also creates a structural demand for sovereign assetsIn other words, each stablecoin issued represents a direct purchase of US government debt, strengthening the bond market and offering the government a new source of funding.

According to the Financial Times, Bessent believes this mechanism creates a virtuous circle. As the use of stablecoins grows—whether for international payments, remittances, e-commerce, or corporate treasuries—the need to acquire Treasury bonds to back them increases. This not only stabilizes the value of digital currencies but also makes the United States the main beneficiary of their expansion. This means that, for BessentThis model represents an unprecedented fiscal innovation, becoming a way to finance public debt through technological adoption.

“The recent passage of the Genius Act is a significant development that we are closely monitoring, as it will promote stablecoin innovation and increase demand for short-term Treasury securities.”, Bessent commented.

On his official X account, Bessent has also been highlighting the importance of the GENIUS Act and stablecoins to ensure US leadership in digital assets.

Stablecoins as a catalyst for economic expansion

Beyond the legal framework, the true potential of stablecoins lies in their ability to reshape the global payment system. By offering fast, secure transactions backed by sovereign assets, these digital currencies become a real alternative to fiat money in contexts of high inflation, financial exclusion, or exchange rate volatility.

For Goldman Sachs and the Treasury, this functionality is no small feat. In a world where access to the dollar is limited for millions of people, stablecoins allow for a Inclusive digital dollarization, without the need for banking intermediariesThis expands the dollar's user base, strengthens its position as a reserve currency, and creates new investment and growth opportunities.

Furthermore, the backing of Treasury bonds turns stablecoins into fiscal policy instruments. Each issue involves a direct purchase of public debt, which helps finance the deficit without resorting to traditional mechanisms. This synergy between technology and economic policy is what has led Bessent to describe the phenomenon as a "digital gold rush": a wave of innovation that, far from threatening the financial system, can strengthen it from its foundations.

The new silent engine of the global financial order

The vision shared by Goldman Sachs and the U.S. Treasury is clear: stablecoins not only fit into the traditional financial system, but are accelerating it. Backed by physical dollars or Treasury bonds, these digital currencies strengthen the dollar's international standing, and they do so with an efficiency that surpasses conventional monetary expansion mechanisms.

According to a recent report from Goldman Sachs, led by analyst Will Nance, the current stablecoin market is around $290.000 billion, but Its potential is estimated at several trillion dollarsThis projection for the coming years not only reflects an opportunity for expansion, but also a structural transformation of the financial system, where digital liquidity backed by sovereign assets becomes a tool of economic policy.

Consequently, the incorporation of stablecoins into the institutional arena, driven by regulations like the GENIUS Act, is creating an environment of trust that attracts not only capital but also talent and technological advancements. 

From the perspective of experts, this development represents a key strategy to assert the United States' financial influence in the emerging digital economy, reinforcing its role as a key issuer in an ecosystem increasingly dominated by tokenized digital assets.