US pushes US dollar stablecoins overseas: Confronting CBDC and consolidating hegemony

According to Woofun AI, the Trump administration is planning to push overseas markets to adopt stablecoins supported by the US dollar. The core intention is to strengthen the US dollar's position as a global reserve currency.

The implementation mechanism of this strategy involves forming joint ventures with private companies, and collaborating with various departments such as the US Treasury, State Department, and the US International Development Finance Corporation to expand the scope of application of stablecoins denominated in US dollars internationally, thereby increasing demand for US dollar treasury bonds.

Notably, this move is a geographical response against China's digital yuan (mBridge project) and the ECB's digital euro pilot project (which is expected to start in the second half of 2027). According to Woofun AI, relevant institutions and stablecoin companies did not respond to requests for comment.

Senior officials have long linked stablecoin development to maintaining the dollar's global position. In February 2025, David Sachs, head of cryptocurrency and artificial intelligence affairs at the White House, stated that stablecoins could further expand the US dollar's dominance internationally and create trillions of dollars in additional demand. In July 2025, US Treasury Secretary Scott Bessent emphasized that the GENIUS Act is expected to strengthen the US dollar's status as a global reserve currency and broaden people's opportunities to enter the dollar economy.

At the regulatory level, the US Treasury is speeding up implementation of the GENIUS Act. On August 17, the department issued a notice on proposed rulemaking to solicit public comments on provisions regulating the issuance, provision and sale of payment stablecoins. Bezent made it clear that these rules will help strengthen the dollar's position as a global reserve currency.