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US Aims to Turn Stablecoins Into a Weapon for Dollar Dominance

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Decrypt Editorial
(04:55 PM UTC)
1 min read
SC
Approved bySarah Chen

In brief

  • The Trump administration is reportedly weighing joint ventures with private firms to push dollar-pegged stablecoins into foreign markets, Bloomberg reported Wednesday.
  • The effort could involve the Treasury Department, the State Department, and the U.S. International Development Finance Corp., which is run by Ben Black, son of Apollo Global Management co-founder Leon Black.
  • Stablecoin…

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