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With the light press of two keyboard keys, the paper dollar turns into...
Yesterday, news broke that the Trump administration
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Yesterday, news broke that the Trump administration is considering an initiative to promote dollar?pegged stablecoins abroad in an effort to reinforce the dollar's role as the world's reserve currency. Authorities are already discussing creating joint ventures with private companies specifically for stablecoin projects, pursuing two interconnected goals: to preserve the dollar's dominance in the global monetary system and to boost demand for US Treasuries, since stablecoin issuers traditionally hold reserves for their tokens in cash dollars and short?term government debt. The causal logic is straightforward:
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Jakub Novak,
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