US Government Aims to Counter De-Dollarization Through Stablecoin Legislation
The US dollar faces mounting pressure as global de-dollarization trends accelerate. Analysts note the currency's decline under current trade policies, prompting strategic countermeasures from Washington.
A new legislative push—the GENIUS Act—seeks to establish regulatory frameworks for stablecoins. This move represents a deliberate effort to integrate cryptocurrency infrastructure within government operations, potentially restoring dollar dominance.
Anthony Scaramucci of SkyBridge Capital recently highlighted stablecoins' transformative potential in global finance. The proposed legislation could position dollar-pegged digital assets as instruments of monetary policy, creating synthetic demand for USD in blockchain ecosystems.