US to Leverage Stablecoins for Dollar Dominance, Says Treasury Secretary Scott Bessent

US to Leverage Stablecoins for Dollar Dominance, Says Treasury Secretary Scott Bessent

United States Treasury Secretary Scott Bessent announced that the U.S. government will harness stablecoins to reinforce the U.S. dollar’s global reserve currency status. Speaking at the White House Crypto Summit on March 7, Bessent underscored the administration’s commitment to integrating digital assets into financial policy. During his address, Bessent reaffirmed the Trump administration’s pledge to end restrictive crypto policies, inc...

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