World & BusinessTrump administration reportedly weighs promoting dollar-denominated stablecoins abroad
The initiative under consideration would aim to reinforce the dollar’s status as the world’s reserve asset, Bloomberg reports.
TLDR
The Trump administration is considering an initiative to promote the use of dollar-denominated stablecoins overseas, Bloomberg reports, citing people familiar with the plans. The effort would aim to reinforce the dollar’s status as the world’s reserve asset.
Trump administration reportedly weighs promoting dollar-denominated stablecoins abroad
The initiative under consideration would aim to reinforce the dollar’s status as the world’s reserve asset, Bloomberg reports.
TLDR
The Trump administration is considering an initiative to promote the use of dollar-denominated stablecoins overseas, Bloomberg reports, citing people familiar with the plans. The effort would aim to reinforce the dollar’s status as the world’s reserve asset.