Bitcoin may benefit from US stablecoin dominance push
US stablecoin policies may drive Bitcoin adoption and investment as regulators push to maintain the dollar’s dominance, benefiting BTC and institutional crypto growth.
The United States push to maintain the dollar’s global dominance through stablecoin adoption could have unintended benefits for Bitcoin, as the world’s largest cryptocurrency is emerging as a potential federal reserve asset.
US Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7.
“We are going to put a lot of thought into the stablecoin regime, and as President Trump has directed, we are going to keep the US [dollar] the dominant reserve currency in the world, […]” Bessent said.
