Washington is reportedly examining an initiative to expand the use of dollar-backed stablecoins outside the United States, according to Bloomberg, as cited by Cointelegraph. The effort could bring together private-sector companies and several US government agencies. Details of the initiative, including the companies or agencies involved and its potential scope, were not provided in the available report. The proposal would focus on promoting stablecoins linked to the US dollar in overseas markets. The development comes as US policymakers consider ways to support the international role of dollar-denominated digital assets. No timeline or specific implementation measures were disclosed.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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