A new report from digital asset bank Sygnum highlights how the U.S. government now views dollar-pegged stablecoins as essential to […]
The post U.S. Bets on Stablecoins to Defend Dollar’s Global Role appeared first on Coindoo.
A new report from digital asset bank Sygnum highlights how the U.S. government now views dollar-pegged stablecoins as essential to countering the currency’s gradual decline as the world’s reserve unit.
President Trump and senior officials, including Treasury Secretary Scott Bessent and crypto policy lead David Sacks, are accelerating efforts to grow the domestic stablecoin market. Central to this push is the GENIUS Act—a regulatory framework that has cleared the Senate and is awaiting a House vote.
The strategy reflects a broader recognition that stablecoins can meet real-world demand, especially from citizens in inflation-hit economies. Sygnum notes that rising retail interest in digital dollars from developing nations could help sustain dollar dominance—if usage scales and incentives are aligned.
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However, the U.S. approach isn’t going unchallenged. Italy’s finance minister has voiced concern over the risks posed by dollar stablecoins, and in the UAE, a new dirham-pegged digital currency is in development. Meanwhile, the BRICS alliance continues to promote a decentralized global system that sidesteps reliance on any single currency.
While the U.S. sees stablecoins as a digital bridge to monetary influe
The post U.S. Bets on Stablecoins to Defend Dollar’s Global Role appeared first on Coindoo.
Source: https://coindoo.com/u-s-bets-on-stablecoins-to-defend-dollars-global-role/
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