Trump administration studies a global initiative aimed at promoting the use of dollar-backed stablecoins outside the United States, as part of a broader effort to solidify the dollar’s position as the world’s reserve currency, according to a report published by Bloomberg based on people familiar with the plans.

According to the report, the idea could rely on creating joint projects between the US government and private-sector companies, with the possibility that several federal entities would participate in implementation, including the Treasury Department, the State Department, and the US International Development Finance Corporation (DFC).

The stated goal is to expand the international use of dollar-denominated stablecoins, a move that may also affect demand for U.S. Treasury securities, which are a widely used reserve asset among issuers of these digital assets.

This potential step comes at a time when other countries are working to develop their own digital payments infrastructure. China continues to push forward with its digital yuan project, which is used within the Project mBridge platform for cross-border settlements of digital currencies by central banks, while the European Central Bank is preparing to launch a 12-month digital euro experiment, expected to begin in the second half of 2027.

For companies and merchants outside the United States, any U.S. expansion of this kind could mean a more transparent environment for using dollar-linked payment instruments, but it could also impose stricter compliance requirements—especially if the initiative is tied to regulatory frameworks or cross-border partnerships involving more than one government entity.

Linking stablecoin growth to the U.S. dollar’s status is also not new in official discourse. In February 2025, when David Sacks was serving as the White House official for AI and cryptocurrency, he said these assets could expand the dollar’s international dominance and generate additional massive demand for U.S. government debt.

In July 2025, U.S. Treasury Secretary Scott Bessent said the GENIUS Act, which created a federal regulatory framework for payment stablecoins, could strengthen the dollar’s position as a global reserve currency, broaden access to the dollar economy, and increase demand for U.S. Treasury securities.

The Treasury Department has also continued implementing the law. On August 17, it issued a notice seeking public input on provisions that govern the issuance, offering, and sale of payment stablecoins. Bessent said these rules will help solidify the United States dollar’s position as the world’s reserve currency.

So far, there has been no public comment from the Treasury Department, the DFC institution, or a number of U.S. stablecoin companies that were asked to respond to the report.

#تنظيم #عملات_مستقرة $USD $MBRIDGE