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US Treasury Secretary: Cryptocurrency will not pose a threat to the US dollar, stablecoins will help consolidate US dollar hegemony
Summary: In a recent statement, US Treasury Secretary Yellen stated that Trump's promotion of cryptocurrency and stablecoins will strengthen the global dominance of the US dollar. She believes that stablecoins have the potential to become the largest buyers of US debt, a key factor in 'locking in' US dollar hegemony. The Senate recently passed stablecoin legislation, ...
In a recent statement, US Treasury Secretary Yellen stated that Trump's promotion of cryptocurrency and stablecoins will strengthen the global dominance of the US dollar. She believes that stablecoins have the potential to become the largest buyers of US debt, a key factor in 'locking in' US dollar hegemony. The Senate recently passed stablecoin legislation, and Trump hopes to sign the bill before August. (The Block)
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Link: US Treasury Secretary: Cryptocurrency will not pose a threat to the US dollar, stablecoins will help consolidate US dollar hegemony [Copy]
