{
  "id": 10476834,
  "title": "US Looks to Stablecoins To Bolster Dollar’s Reserve Status",
  "url": "https://urgent.news/2026/09/28/us-looks-to-stablecoins-to-bolster-dollars-reserve-status",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T15:45:49.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/blockchain/2026/us-looks-to-stablecoins-to-bolster-dollars-reserve-status/"
  },
  "original_language": "en",
  "account": "The Trump administration is intensifying efforts to utilize dollar-backed stablecoins to bolster the dollar's reserve status. This shift in strategy, rooted in the GENIUS Act, aims to promote dollar-denominated stablecoins overseas through partnerships with private entities and government departments. The GENIUS Act, which initially focused on regulating payment stablecoins, is now evolving into a broader economic plan that connects cryptocurrency regulation with Treasury financing and the international role of the dollar. By expanding the $300 billion stablecoin market tenfold by 2035, the administration envisions stablecoins as an expansion of \"dollar supremacy.\" However, this approach may face regulatory resistance from countries wary of digital dollarization, which could undermine domestic currencies and complicate monetary policy.",
  "summary": "A sharp sell-off in U.S. government bonds is adding urgency to the Trump administration’s effort to turn dollar-backed stablecoins into a new source of demand for Treasuries and an instrument for preserving the dollar’s global dominance. The administration is considering promoting dollar-denominated stablecoins overseas through projects involving private companies and potentially the Treasury and…",
  "key_points": [
    "Trump administration intensifies use of dollar-backed stablecoins",
    "GENIUS Act evolves into economic plan connecting crypto regulation with Treasury financing",
    "Admin aims to expand $300B stablecoin market tenfold by 2035"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}