U.S. Dollar Set to Go Onchain as Blockchain Drives Future Payments

According to PANews, U.S. Treasury Secretary Besent announced via X that blockchain will play a central role in powering next-generation payment systems, with the U.S. dollar soon to be fully integrated onchain. This strategic move is being credited to the leadership of President Donald Trump and the congressional efforts led by Senator Bill Hagerty.

The GENIUS Act, recently passed into law, is designed to solidify the U.S. dollar’s position as the dominant global reserve currency in the digital age. Deputy Treasury Secretary Michael Faulkender added that the act provides the regulatory framework needed for stablecoins, ensuring transactions are faster, cheaper, and more secure.

This transformation is expected to boost international trust in dollar-backed digital payments and reinforces the United States’ ambition to lead the global crypto economy by becoming the hub for digital finance innovation.