Trump pushes global stablecoin expansion to bolster dollar dominance

The Trump administration is reportedly seeking to expand the global use of dollar-pegged stablecoins like USDT and USDC, which together account for nearly 90% of a market exceeding $292 billion. This marks a policy shift toward embracing crypto as a tool for dollar hegemony, though details on regulatory framework and international coordination remain unclear. The move could reshape cross-border payments and challenge rival digital currencies, but faces significant regulatory and geopolitical hurdles.