OMG, you guys! 😱 A new report from digital asset bank Sygnum reveals that the U.S. government is now considering dollar-pegged stablecoins as essential to counter the dollar’s gradual decline as the world’s reserve currency. 💸
President Trump and his squad, including Treasury Secretary Scott Bessent and crypto policy lead David Sacks, are working hard to grow the domestic stablecoin market. The key to this plan is the GENIUS Act—a regulatory framework that has already passed the Senate and is waiting for a House vote. 🏛
This strategy shows that the U.S. government recognizes the real-world demand for stablecoins, especially in countries with high inflation. Sygnum notes that increasing retail interest in digital dollars from developing nations could help maintain the dollar’s dominance—if usage scales and incentives are aligned. 🌎
But not everyone is on board with this plan. Italy’s finance minister has expressed concern over the risks posed by dollar stablecoins, and in the UAE, a new dirham-pegged digital currency is in the works. Meanwhile, the BRICS alliance continues to promote a decentralized global system that doesn’t rely on any single currency. 🤔
While the U.S. sees stablecoins as a digital bridge to monetary influence, it’s clear that not everyone is ready to jump on the bandwagon. 🚗
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2025-07-10 22:54