The United States government views stablecoins as a crucial tool to maintain its dollar’s global supremacy. Cointelegraph reports that LayerZero Labs CEO Bryan Pellegrino, known for his work on the interoperability protocol LayerZero, emphasizes the strategic importance of dollar-pegged tokens in preserving U.S. financial dominance. LayerZero was recently selected by Wyoming as a distribution partner for its stablecoin initiative. Pellegrino highlights the cross-border accessibility of stablecoins as driving demand for the US dollar, particularly beneficial in nations battling high inflation like Argentina and Venezuela. 📈 He anticipates increasing support at both federal and state levels due to stablecoins’ potential to boost the U.S. dollar’s position in international currency markets. This will create a financial barrier around the US dollar’s global reserve currency status. 🛡️. The role of stablecoins is growing, as evidenced by Tether becoming one of the largest buyers of U.S. Treasury bills globally. Tether recently surpassed Canada, Germany, and Saudi Arabia in this category. The White House Crypto Summit on March 7th saw U.S. Treasury Secretary Scott Bessent highlight the Trump administration’s plans to leverage stablecoins to reinforce U.S. dollar hegemony, a major priority for officials in 2025. Chainalysis reports that over half of digital asset value transferred to Latin American countries like Argentina, Brazil, Colombia, Mexico, and Venezuela is denominated in stablecoins. These tokens are favored due to their low fees, stability, and near-instant settlement times, making them ideal for remittances and storing value in developing countries facing high inflation and capital controls. 💰