It's to do with US govt debt.
Stablecoins purchase Treasuries to maintain the peg to the dollar. As the Chinese reduce their purchases of Treasuries, the Trump administration has decided the stablecoin community will fill that void.
It's to do with US govt debt.
Stablecoins purchase Treasuries to maintain the peg to the dollar. As the Chinese reduce their purchases of Treasuries, the Trump administration has decided the stablecoin community will fill that void.