Trump administration mulls weaponizing stablecoins to cement dollar’s dominance

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Crypto News

Investor confidence in stablecoins is tied to the issuer’s ability to redeem them for fiat currency at any time. To ensure that, stablecoin companies keep backup funds to secure their value. They hold actual U.S. dollars at a 1:1 ratio, alongside safe investments like U.S. government debt that earns interest. Under the U.S. Genius Act […]