U.S. Government Embraces Stablecoins as Strategy to Bolster Dollar’s Global Power

The U.S. government is shifting its approach to cryptocurrency, seeing it not as a threat but as a strategic tool to enhance the dollar’s global influence. Treasury Secretary Scott Bessent envisions stablecoins pegged to the USD reaching a market value of up to $2 trillion in the coming years, potentially revolutionizing finance and bolstering American economic power. He sees these coins as key to expanding the use of US dollars globally and solidifying their position as the world’s dominant currency.