US Weighs Overseas Push for Dollar Stablecoins to Boost Treasury Demand

Bloomberg reported that the US government is considering promoting the overseas use of dollar-denominated stablecoins to reinforce the dollar’s status as the world’s reserve currency and boost demand for US Treasuries. People familiar with the matter said the government is considering supporting stablecoin-related projects through joint ventures with private-sector firms, with the US Treasury Department, State Department and US International Development Finance Corporation (DFC) potentially involved. — link

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