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The United States views dollar-pegged stablecoins as a tool to help reverse the decline of the dollar’s status as a global reserve currency, according to a new report from digital asset banking group Sygnum. To accelerate that goal, the current administration is encouraging the growth of the stablecoin market and urging Congress to pass related legislation.
The insights come from Sygnum’s latest report examining the dollar’s standing as a reserve currency and the US government’s efforts to preserve that.
US President Donald Trump and key…
