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The Trump administration is reportedly examining whether privately issued stablecoins could carry the dollar deeper into overseas payment systems. For now, it remains a policy discussion.
What Bloomberg reported, and what remains missing
REPORTED
The administration is considering ways to promote dollar stablecoins overseas. Treasury, the State Department and the U.S. International Development Finance Corporation could be involved in public-private projects.
The administration is considering ways to promote dollar stablecoins overseas. Treasury, the State Department and the U.S. International Development Finance Corporation could be involved in public-private projects.
NOT ESTABLISHED
No agency has announced a program, legal authority, budget, participating issuer, target country, government guarantee or launch timetable.
No agency has announced a program, legal authority, budget, participating issuer, target country, government guarantee or launch timetable.
This would distribute private dollars, not create a government coin
The administration’s discussions were described in a Bloomberg report citing people familiar with the matter. One option could involve joint projects between federal agencies and private companies. Representatives for the State Department and DFC declined to comment.
Nothi...
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