Besant Reaffirms that Stablecoins May Cement the Dominance of the US Dollar
BlockBeats News, June 12, U.S. Treasury Secretary Besant reiterated that stablecoins could potentially cement the dominance of the U.S. dollar. (Jin10)
The global adoption of stablecoins will drive the growth of DeFi applications, especially projects like Ethena, Ether.fi, and Hyperliquid, which will benefit from it.
Compliance and technological advancements are driving the expansion of stablecoin use cases, but cross-chain transactions and regulation remain key challenges.