- President Trump’s Stablecoin game was intended to reach his dominance of the US dollar.
- Stablecoin accounts have been introduced to help accelerate this goal.
According to a Forbes report, the Trump administration has made stabile Part of its most important strategy to expand the US dollar dominance and to finance the federal government. The report Quoted comments from top cabinet officials and the Governor of the Federal Reserve.
At the beginning of March, during the Crypto top of the White House, Treasury Secretary Scott Bessent, stated”
“We start thinking a lot about the Stablecoin regime. We will keep the US dollar as the dominant reserve currency in the world via Stablecoins.”
Moreover, the report added that the Governor of the Federal Reserve Christopher Waller echoed a similar prospect in February.
Stablecoin traction
According to Bessent, Stablecoins were a new question line for US Treasury Bills (T-Bills), a comment that is well recorded by Tether’s USDT traction.
According to Tether’s CEO, Paolo Ardoinino, the Stablecoin emittent was the seventh largest copper From us T-Bills.
Source: Tether
In 2024, the company bought $ 33 billion in T-Bills and placed it above Canada and Mexico. USDT is the world’s largest stabilecoin reverse Through our T-Bills, cash and other kasequivalents.
Circle’s USDC, the second largest Stablecoin, also has our T-Bills as part of its reserve to guarantee a PEG of 1: 1 to the dollar.
In general, more than 99% of the current $ 234 billion Stablecoin-market size dollar-PEG versions, which further gave the US a viewpoint.
Moreover, it is now one of the most popular segments in Crypto, which is interested in large and small players, including governments. This week alone, Trump-linked World Liberty Financials launched his stablecoin, USD1, while Fidelity tested A similar product.
On the cross -border payment side, PayPal, Stripe, Visa and other banks have made or plan similar movements.
According to Ardoino, the ‘Stablecoin Multivers“Was inevitable. To keep track of the traction and to provide regulatory clarity, the American congress has introduced two Stablecoin accounts, the GENIUS and stable actions.
