US Weighs Push to Expand Dollar Stablecoins Abroad
- —Treasury, State Department and DFC may take part in the initiative
- —DFC could fold stablecoins into international development programs
- —Stablecoin growth boosts demand for short-term US Treasuries
- —Treasury sought public comments on GENIUS Act rules on Aug. 17
Why it matters: Government backing for dollar stablecoins could accelerate global adoption and lift demand for USDT, USDC and US Treasuries.
Source: Bit2Me News
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