The U.S. Treasury Department seeks to maintain the dominance of the dollar through stablecoins
According to Wodaily, Matt Hogan, Head of Investment at Bitwise, shared insights on social media, referencing the statements of U.S. Treasury Secretary Scott Bensent. Bensent reaffirmed the commitment to ensuring that the U.S. dollar remains the leading global reserve currency, with stablecoins playing a critical role in achieving this goal. Hogan noted that regardless of expectations regarding the size of stablecoin assets under management, their potential may not be adequately appreciated. He suggested that if stablecoin assets under management reach trillions of dollars, they could significantly reshape the cryptocurrency market landscape.
