U.S. Administration Advocates Stablecoins to Bolster Dollar's Global Standing

According to Cointelegraph, the United States is actively promoting dollar-pegged stablecoins as a strategic measure to counteract the diminishing status of the dollar as a global reserve currency. A recent report from digital asset banking group Sygnum highlights the current administration's efforts to expand the stablecoin market and urges Congress to enact relevant legislation. This initiative is part of a broader strategy to maintain the dollar's dominance in international finance. U source: https://www.binance.com/en/square/post/26762760690458?utm_source=BinanceNewsRSS