JUST IN: The US government is reportedly weighing joint ventures with private firms to push dollar stablecoins overseas.
The Treasury, State Department and US International Development Finance Corp. could all be involved, as Washington aims to reinforce the dollar's reserve status and boost demand for US Treasuries, per Bloomberg.
The move comes as China pushes its digital yuan through Project mBridge and the ECB advances its own digital euro. $USDC
The Treasury, State Department and US International Development Finance Corp. could all be involved, as Washington aims to reinforce the dollar's reserve status and boost demand for US Treasuries, per Bloomberg.
The move comes as China pushes its digital yuan through Project mBridge and the ECB advances its own digital euro. $USDC
