• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Stablecoins: A New Step for the US to Strengthen the Dollar

user avatar

by Giorgi Kostiuk

11 hours ago


A recent report from digital asset bank Sygnum highlights that dollar-pegged stablecoins are becoming key in combating the gradual decline of the dollar as the world's reserve currency.

Significance of Stablecoins for the US Economy

The Sygnum report emphasizes that the US government views stablecoins as a vital tool to address real economic issues, especially among citizens in inflation-hit countries.

Regulation and Domestic Market Support

A key part of these efforts is the GENIUS Act, which has already cleared the Senate and is awaiting a House vote. High-ranking officials, including Treasury Secretary Scott Bessent, are actively working to grow the domestic stablecoin market.

Global Challenges and Competition

While the US aims to strengthen the use of stablecoins, Italy has raised concerns about the risks they may pose. Meanwhile, a dirham-pegged digital currency is under development in the UAE, and the BRICS alliance promotes a decentralized global system.

Growing interest in digital dollar assets may sustain dollar dominance, yet the US faces international challenges and competition in the stablecoin market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Best Long-Term Cryptocurrencies for 2025: BlockDAG, TRON, Stellar, and Hedera

chest

Exploring the best long-term cryptocurrencies, including BlockDAG, TRON, Stellar, and Hedera, and their potential outlook for 2025.

user avatarGiorgi Kostiuk

Cardano Price Prediction: ADA on Track to $1 After Golden Cross

chest

Cardano sees a 6% increase after forming a golden cross, igniting discussions on breaking the $1 mark.

user avatarGiorgi Kostiuk

Trump's Tariff Plans: Economic Impact and Cryptocurrency Outlook

chest

The Trump administration considers tariffs up to 20%, potentially impacting global markets and interest in cryptocurrencies.

user avatarGiorgi Kostiuk

XRP in Anticipation of ETF: BlackRock's Influence and Market Expectations

chest

XRP gains traction after Ripple's SEC settlement, while BlackRock accelerates efforts for ETF approval.

user avatarGiorgi Kostiuk

SEC Delays Verdict on Grayscale's Avalanche ETF: What It Means

chest

SEC has postponed its decision on Grayscale's Spot Avalanche ETF, creating uncertainty for investors and institutional crypto adoption.

user avatarGiorgi Kostiuk

XRP Approaches Key Breakout Zone After Months of Rejections

chest

XRP is once again testing a key resistance line after prolonged rejections, with a breakout potentially on the horizon.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.