- Federal Reserve backs stablecoins to counter foreign CBDCs, leveraging Treasury reserves for cross-border payment dominance.
- “Stable Act 2025” requires audits and bond-backed reserves, merging DeFi mechanisms with traditional monetary policy frameworks.
U.S. Treasury Secretary Scott Bessent confirmed during the White House Crypto Summit (March 7) that the United States will implement policies to integrate stablecoins into its financial system. The stated goal is to preserve the dollar’s role as the world’s primary reserve currency.
The current administration pledged to remove inherited restrictive measures, including adjustments to IRS regulations related to digital assets. Bessent explained that stablecoins—digital tokens tied to the dollar’s value—will be central to this strategy.
“We will incorporate these digital assets to reinforce our currency’s international position,” he stated.
President Trump called on Congress to pass a dedicated stablecoin regulation bill before its August legislative recess. He also criticized prior sales of seized Bitcoin as “ill-advised,” alleging losses to public funds.
Collateralization Framework and Legislative Proposal
The plan prioritizes stablecoins collateralized by U.S. Treasury bonds and dollar reserves. This model seeks to boost demand for American debt while ensuring token stability. Federal Reserve Governor Christopher Waller endorsed this approach in 2024 and 2025 remarks, noting such assets could bypass foreign financial restrictions and streamline cross-border transactions.
Lawmakers French Hill and Bryan Steil introduced the “Stable Act 2025” which requires issuers to hold reserves in approved assets (like government bonds) and undergo periodic audits. The bill aims to standardize the issuance of dollar-pegged stablecoins.
The initiative arises amid concerns about competition from foreign digital currencies. By linking stablecoins to traditional debt instruments, policymakers aim to bridge conventional and digital financial systems. ETHNews warn that success hinges on political consensus and mechanisms to prevent operational risks.
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