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US Weighs Initiative to Promote Dollar-Backed Stablecoin Abroad

September 23, 2026 at 10:15 PM UTCUpdated on September 24, 2026 at 4:10 PM UTCThe Trump administration is considering an initiative to promote the use of dollar-denominated stablecoins overseas, according to people familiar with the plans, in a bid to reinforce the greenback’s status as the world’s reserve asset. Stablecoin projects are among the areas the US government is considering supporting by creating joint ventures with private sector firms, with the aim of maintaining the US dollar’s cur...

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