Stablecoins: A New Tool For U.S. Dollar Dominance, Global Financial Access
Stablecoins are emerging as critical tools for extending the global reach of the U.S. dollar while addressing financial inclusion and national security concerns.
During a panel at the Benzinga Future of Digital Assets event, experts discussed how these digital assets, pegged to traditional currencies, transform global finance and create fresh economic opportunities.
Stablecoins Expanding U.S. Dollar Reach
Stablecoins are reshaping how the U.S. dollar is accessed and used worldwide. Raoul Pal, the CEO of Real Vision, highlighted their global impact, saying, “Stablecoins are dollarizing the world, reaching into the furthest corners, from the rice fields in the Philippines to the Amazon rainforest.”
This increased demand for stablecoins, particularly in underserved regions, helps bring U.S. dollars to communities that previously had no access to them.
Perianne Boring, founder and CEO of the Digital Chamber, stressed the geopolitical importance of this development. “Stablecoins …