US Eyes Global Push for Dollar Stablecoins, Bloomberg Reports

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Why is the US government actively trying to expand the use of dollar-linked stablecoins overseas?

How exactly will the US government and private sector cooperate on the dollar stablecoin policy?

Are major dollar-pegged stablecoins currently showing price stability?

US Eyes Global Push for Dollar Stablecoins, Bloomberg Reports — Image source: Unblock Media

White House weighs international USD stablecoin expansion, with agencies eyeing partnerships and global markets reported September 23.
Effort aims to reinforce US dollar’s reserve currency status and boost demand for US Treasuries.

On September 23, 2026, Bloomberg reported that the Trump administration is considering promoting the international use of dollar-backed stablecoins through joint ventures with private-sector firms. The initiative may involve key federal agencies such as the Treasury Department, State Department, and the US International Development Finance Corporation (DFC).

The proposal seeks to strengthen the US dollar’s role as the world’s dominant reserve currency and increase demand for US Treasuries, Bloomberg noted. While multiple government agencies could participate, US officials have not yet specified which countries or companies would be involved. Details about funding, structure, or a timeline remain undisclosed.

Stablecoins—digital assets pegged to the US dollar—are increasingly used in the global financial system. Bloomberg said the effort signals a renewed push by the US government to maintain influence as the dollar-backed digital currency market expands.

As of September 24, 2026, 16:09 UTC, Tether USDt (USDT) traded at $1, down 0.033% in 24-hour volume. USD Coin (USDC) traded at $1, down 0.007%. PayPal USD (PYUSD) traded at $1, down 0.006%. Global Dollar (USDG) traded at $1, up 0.003%. Ripple USD (RLUSD) traded at $1, down 0.006%. World Liberty Financial USD (USD1) traded at $0.999, down 0.023%. TrueUSD (TUSD) traded at $1, up 0.013%. First Digital USD (FDUSD) traded at $0.999, down 0.028%.