Trump Administration Seeks to Bolster Dollar Dominance with Stablecoin Use

The Trump administration is actively promoting stablecoins as a key tool for reinforcing the US dollar’s position as the world’s dominant reserve currency. Scott Bessent, U.S. Treasury Secretary, emphasized this strategic use during a recent White House event. He detailed plans to leverage stablecoins in this effort, aligning with President Trump’s economic strategy focused on financial markets. !