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The United States is considering promoting the use of US dollar stablecoins overseas.

Source: www.bloomberg.com Event types: Online/Update
According to Bloomberg, sources revealed that the Trump administration is considering promoting the overseas use of USD-denominated stablecoins to consolidate the dollar's status as a global reserve asset. The US government is also exploring partnerships with private companies to establish joint ventures and support stablecoin projects, aiming to maintain the dollar's monetary dominance and increase demand for US Treasuries.