🚨 The US government is reportedly exploring ways to support the expansion of dollar-based stablecoins in international markets, according to Bloomberg.
This development follows President Trump's executive order signed last year, which promotes 'legal and trustworthy dollar-based stablecoins worldwide' after the GENIUS Act (stablecoin regulation bill) was passed.
The potential support for overseas dollar stablecoin expansion could represent a significant shift in US digital asset policy, aiming to strengthen the dollar's position in the global digital economy.
However, no concrete implementation plans have been announced yet, and the specific mechanisms for this support remain under development.
Source: https://coinness.com/news/1169731
This development follows President Trump's executive order signed last year, which promotes 'legal and trustworthy dollar-based stablecoins worldwide' after the GENIUS Act (stablecoin regulation bill) was passed.
The potential support for overseas dollar stablecoin expansion could represent a significant shift in US digital asset policy, aiming to strengthen the dollar's position in the global digital economy.
However, no concrete implementation plans have been announced yet, and the specific mechanisms for this support remain under development.
Source: https://coinness.com/news/1169731