U.S. weighs overseas stablecoin push for Treasury demand
U.S. weighs overseas stablecoin push for Treasury demand
Bloomberg reports U.S. officials are considering overseas stablecoin projects to strengthen global dollar use abroad.Treasury, State and DFC could support private-sector ventures, according to people familiar with discussions internally.Treasury says stablecoin providers already hold nearly $200 billion in bills and short-maturity government securities.GENIUS Act reserve rules tie compliant stablecoin growth to cash, Treasuries and Treasury-backed instruments directly.DFC now has expanded equity authority and a $205 billion investment cap for international projects.