US weighs global push for dollar-backed stablecoins
- —The plan would promote dollar-backed stablecoins in international markets
- —The GENIUS Act of July 2025 sets reserve and compliance rules for issuers
- —Washington is opting for private stablecoins over a CBDC
- —The report comes from @WatcherGuru with no official confirmation
Why it matters: A global push for dollar stablecoins could lift demand for USDT and USDC and reinforce the dollar's role in digital payments.
Source: Crypto Briefing