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

Stablecoins and the Dollar: Future Perspectives and Global Challenges

user avatar

by Giorgi Kostiuk

8 hours ago


In recent months, the United States has intensified its efforts to promote dollar-pegged stablecoins as a means to preserve the dollar's status as a global reserve currency. At the same time, a growing resistance can be observed on the global stage.

US Focus on Dollar-Pegged Stablecoins

According to a new report from digital asset bank Sygnum, the US administration views dollar-pegged stablecoins as a tool to restore trust in the dollar. In this context, the administration is encouraging the growth of the stablecoin market and urging Congress to pass related legislation.

Global Response to Dollar-Pegged Stablecoins

Amid US initiatives, resistance is growing. Italy’s finance minister warned that dollar-pegged stablecoins could pose a greater threat than tariffs. Meanwhile, demand for stablecoins not pegged to the US dollar is on the rise, despite their limited liquidity.

Demand from Developing Countries

The Sygnum report highlights that demand for US dollars is coming from retail in developing countries that are facing rising inflation and depreciating local currencies. There is a consensus that dollar-pegged stablecoins could satisfy this demand and help restore the dollar's former status.

With increasing pressure both domestically and internationally, the future of dollar-pegged stablecoins and their role in the market remains uncertain and requires ongoing observation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bitcoin Sets New Record, Reaching $113,804

chest

Bitcoin has surged to an all-time high of $113,804. Analysts note low selling pressure and activity from major investors.

user avatarGiorgi Kostiuk

Stablecoins: The Future of Payments in the US According to Lael Brainard

chest

Lael Brainard, Fed Vice Chair, highlights the potential of stablecoins in the US financial system.

user avatarGiorgi Kostiuk

Gould's Confirmation as Comptroller of the Currency: New Horizons for the Crypto Industry

chest

Jonathan Gould's confirmation as Comptroller of the Currency raises questions about cryptocurrency regulation and risk management for banks.

user avatarGiorgi Kostiuk

Massive ETH Withdrawal: Consequences of Colossal Deals in the Crypto Industry

chest

A recent transaction by an Ethereum whale withdrawing $200M has created waves in the crypto space. Learn about its implications for the market.

user avatarGiorgi Kostiuk

XRP: Mathematical Model Suggests $100 by 2036

chest

Analysis indicates that with a steady 3% monthly growth, XRP could reach $100 by 2036.

user avatarGiorgi Kostiuk

Israel and Iran: Potential Military Action and Its Consequences

chest

Recent Israeli statements about potential military action against Iran highlight increasing tensions in the region.

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.