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ADOPTION: The U.S. is weighing a global push for dollar-backed stablecoins. The plan could back overseas stablecoin projects through public-private partnerships to strengthen dollar dominance and boost U.S. Treasury demand, per Bloomberg.
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AI visual note: A side-by-side photo shows Treasury Secretary Scott Bessent (left) in front of the White House backdrop and President Donald Trump (right) in the Oval Office, both wearing dark suits and American flag lapel pins. The image accompanies a report on the Trump administration's push for dollar-backed stablecoins, reflecting the executive branch officials leading this effort to expand U.S. dollar dominance abroad.