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Stablecoins could help the dollar remain the world's No. 1 reserve currency - but not through Treasury-bill buying
President Donald Trump signed the Genius Act, the first federal legislation in the U.S. regulating stablecoins, in July. Stablecoins could help the U.S. dollar stay the world's No. 1 reserve currency, but not in the way that many have assumed, according to Deutsche Bank Research. U.S. policymakers in July touted the role stablecoins could play in strengthening the dollar's dominance as the world's reserve currency, as they passed the first piece of federal legislation aimed at regulating the industry. Stablecoins are a type of cryptocurrency whose values are linked to another asset, most commonly the dollar DXY. As ... (full story)
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