Stablecoins and the US Dollar: Treasury secretary Bessent backs crypto to reinforce American dominance

19-6-2025 – US Treasury Secretary Scott Bessent has championed stablecoins as a cornerstone for reinforcing the global dominance of the American dollar. Speaking on Wednesday, Bessent dismissed fears that cryptocurrencies pose a threat to the US currency, instead heralding them as a transformative force in global finance. “Digital assets are among the most significant developments [. source: https://www.cointrackdaily.com/stablecoins-and-the-us-dollar-treasury-secretary-bessent-backs-crypto-to-reinforce-american-dominance/