America must harness stablecoins to future-proof the dollar

Quick Summary:

A stablecoin market with the right guardrails can strengthen the U.S.dollar’s dominance in global finance​.

One such challenge—and opportunity—is the rise of stablecoins: privately issued digital tokens pegged to fiat currencies like the U.S.dollar.

Lawmakers should refine and pass a comprehensive stablecoin bill that incorporates the best of both approaches—the prudential rigor of the bank-centric model and the innovation-friendly flexibility of a dual license system.

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Article Details

Author / Journalist: Christos Makridis

Category: EconomyBusiness

Markets: United States

Topics: Cryptocurrency Fintech Fintech regulation Commentary Digital assets Government FDIC Central banks Banking Dollar Tech Federal regulations Stablecoins Monetary policy Congress Finance Regulations Currency Crypto reserve Bitcoin Financial regulation Financial industry Stablecoin Federal Reserve Financial institutions Banks Technology Future of Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 16:01:41 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 885 words

Reading Time: 5 minutes read

Sentences: 6 lines

Sentence Length: 148 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27222435

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About Fortune

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Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 9 hours ago

Coverage Areas: United States

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