BusinessNew · 3h
Trump administration explores promoting dollar stablecoins overseas
Sources say the administration is considering an initiative involving joint ventures with private firms to expand use of dollar-backed cryptocurrencies abroad.
What to know
- Trump administration is exploring ways to expand dollar-backed stablecoins in international markets
- Initiative would involve joint ventures with private cryptocurrency firms
- Move signals U.S. interest in maintaining dollar dominance in digital currency sphere
Trump administration U.S. government
How it unfolded 1 development · click the chart to see its coverage articlesposts
8 PM10 PMnow · 12:58 AM ET
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Trump administration considers dollar stablecoin promotion initiative
Bloomberg reports that the Trump administration is considering an initiative to promote use of dollar-denominated stablecoins overseas, including through joint ventures with private firms.
“Sources: the Trump administration is considering an initiative to promote use of dollar-denominated stablecoins overseas, including via JVs with private firms…”
— Bloomberg · source -
2 outlets first by CoinGape, 3h ago · also Bloomberg · read ↗
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