Tranche

US Treasury Secretary Scott Bessent tweeted that “stablecoins” in the GENIUS Act would be backed by Treasuries. Basically, instead of using US dollars, people could use credit for US dollars backed by US Treasury bonds… called stablecoins.

Implementing the GENIUS Act is essential to securing American leadership in digital assets.

Stablecoins will expand dollar access for billions across the globe and lead to a surge in demand for U.S. Treasuries, which back stablecoins.

It’s a win-win-win for everyone involved:… https://t.co/p5nRQpBfnw

— Treasury Secretary Scott Bessent (@SecScottBessent) August 18, 2025

Essentially, Bessent is advising that people buy the same product that Jared said was comprised of tranches of “dog shit” mortgage-backed security bonds in the jenga scene in the Big Short. “No one is paying attention because the banks are too busy getting paid obscene fees to sell these bonds.”

Once the US Treasury bonds start going to dog shit, then the stable tower of jenga stable coins will come tumbling down.