Washington is a mulling plan to actively promote USD-backed stablecoins worldwide in a bid to cement the greenback's global reserve status. The Trump administration is considering joint ventures with private companies to promote dollar-backed stablecoins overseas, The move is reportedly aimed at bolstering the dollar’s global dominance and increasing demand for U.S. Treasury securities. The International Monetary Fund has warned that wider stablecoin adoption could accelerate capital fligh…
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