Scott Bessent, secretary of the American treasure, announced yesterday, at the crypto summit of the White House that Washington plans to use the Stablecoins to consolidate the position of the dollar as a dominant reserve currency.
The crypto strategy unveiled at the White House summit
Yesterday, at the White House Crypto summit, Scott Bessent unveiled the new American orientation. The secretary of the Treasury clearly indicated that the United States will rely on the Stablecoins to maintain the global dominance of the dollar.
“” We are going to think at length at the Stablecoins regime and, as President Trump has ordered it, we will maintain the US dollar as a dominant reserve currency in the world and we will use stablecoins to achieve it. »»
This announcement is part of the Trump administration of the Crypto policy. Bessent also promised to return to the punitive regulatory measures taken previously by the IRS against the digital asset sector, marking a clear break with the approach of the Biden administration.
President Trump himself has set an ambitious calendar, hoping that a full bill on stablecoins regulation is subject to his signature before the August parliamentary break. He also criticized the premature sale of Bitcoin by the previous administration, believing that it has led to losses of several billion.
Stablecoins as a strategic instrument for the US dollar
US officials are now considering the over -collateralized stablecoins, backed by treasury bills and dollar deposits, as a strategic tool to strengthen the dominant position of the dollar. These digital tokens stimulate the demand for American debt instruments and could thus consolidate Washington's financial influence on the world markets.
Christopher Waller, governor of the federal reserve, shares this vision. As early as February 2025, he said that stablecoins could help preserve the dollar status as a global reserve currency, in particular by circumventing capital controls in certain countries and improving payment infrastructure.
To materialize this vision, the representatives French Hill and Bryan Steil presented the “Stable Act of 2025”, a bill to establish a complete regulatory framework for digital tokens indexed to the dollar. This legislative initiative is directly part of the objective of defense of the hegemony of the dollar through financial innovation.
In short, this historic summit, which brought together more than 20 leaders in the Crypto industry including Brian Armstrong (Coinbase) and Michael Saylor (strategy), marks a decisive turning point in the American strategy on digital assets, positioning the stablecoins as a pillar of the financial domination of the United States.
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