According to the official, stablecoins can significantly strengthen the position of the American currency in the world:
“The legislation on stablecoins, backed up by American bonds, will create a market that will expand the use of the dollar around the world. I think that $ 2 trillion is a very, very reasonable number. ”
The White House administration is obliged not only to maintain the global backup status of the dollar, but also to take measures to strengthen it, the minister said. Immentine said that now in the Congress a bill is being considered that facilitates the provision of stablecoins with high -quality assets, in particular state bonds.
Stebblecoins as a new class of digital assets are able to give the dollar a new impetus, and their role in the formation of a radically different world financial system will be very significant, the head of the department summed up.
Earlier, Fireblocks platform experts said that stablcoins have become the main tool for modernizing the global financial market, and the demand for stable digital coins from customers is growing in geometric progression.
Source: Bits
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