U.S. President's Advisory Council on Digital Assets Claims Stablecoins Can Strengthen Dollar's Position
According to ChainCatcher, Bo Hines, executive director of the U.S. President's Advisory Council on Digital Assets, stated that the (GENIUS Act) aims to secure the financial future of the United States. Stablecoins help to consolidate the dominance of the dollar, modernize outdated payment systems, and provide the American public with a faster, lower-cost, and more transparent way to move funds. Digital asset technology represents the next generation of the financial system, and the United States is ready to lead this transformation.