Stablecoins can elevate the U.S. Dollar’s global influence in trade and finance, specifically through assets backed by the dollar such as USDC.
By linking stablecoins to U.S. Government debt, the potential to strengthen economic influence and accelerate dollarization in emerging markets is significant.
Regulatory support for USD-backed stablecoins could enhance their market position, reinforcing the dollar’s status while reducing dependency on non-USD options.
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