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News Explorer — Treasury Secretary Bessent Touts Stablecoins as Means to Reinforce US Dollar Supremacy

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Jun 19, 6:21 am
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Treasury Secretary Bessent Touts Stablecoins as Means to Reinforce US Dollar Supremacy

Treasury Secretary Scott Bessent defended stablecoins, stating they can strengthen the dollar's dominance, while urging Congress to pass the GENIUS Act swiftly. The Senate's recent approval of the stablecoin framework marked a reversal from the previous month's setback.

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