Trump administration considers private-company ventures to push dollar-backed stablecoins overseas

The Trump administration is considering overseas joint ventures with private companies to promote dollar-backed stablecoins. That pushes the proposal beyond domestic crypto rules: the goal is to expand dollar-denominated digital money abroad, reinforce the dollar’s reserve-currency role, and increase demand for U.S. Treasuries, which stablecoin issuers typically hold as reserves. Further reporting on September 24 described the possible partnerships.