Report: US Weighs Overseas Push for Dollar Stablecoins to Boost Treasury Demand

The Trump administration is reportedly considering an initiative to promote dollar-denominated stablecoins overseas.

The goal, according to a Bloomberg report citing people familiar with the plans, is to protect the dollar’s place as the world’s reserve asset and to raise demand for US Treasuries, which stablecoin issuers typically hold as reserves.

Joint Ventures and Federal Agencies Under Discussion Per the report, the initiative could involve several federal agencies, including the Treasury Department and the State Department. The US International Development Finance Corp. (DFC) could also be part of the plan.

One option under consideration involves creating joint ventures between the government and private-sector firms to support stablecoin projects in overseas markets.