Bank of England official: stablecoin growth will strengthen dollar dominance
- —Digital dollars expand access to the US currency beyond the country's borders
- —Stablecoin issuers are becoming major buyers of US Treasuries
- —Stablecoin growth boosts demand for US debt and dollar dominance
Why it matters: The growth of stablecoins strengthens demand for US Treasuries, which supports the dollar and influences digital asset regulation.
Source: Cointelegraph