Stablecoin Growth Seen as Key to Sustaining U.S. Dollar Influence

Trump Jr. highlights dollar-backed stablecoins as strengthening U.S. dollar and Treasury demand.

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Stablecoin Growth Seen as Key to Sustaining U.S. Dollar Influence

Donald Trump Jr. argued that the rapid rise of dollar-backed stablecoins is reinforcing the U.S. dollar’s dominance in global markets. He noted that stablecoin demand is indirectly boosting U.S. Treasury bond purchases, aligning crypto innovation with traditional finance.
Tags:
  • Stablecoin
  • US Dollar