The Trump administration is considering an overseas stablecoin initiative that could be structured as a joint venture with private companies, according to ChainCatcher, citing a person familiar with the matter. The report said the U.S. Treasury, the State Department, and the U.S. International Development Finance Corporation, or DFC, could all be involved. The stated aim would be to expand the use of the U.S. dollar and support demand for U.S. Treasuries.
The report also referenced Tether’s latest reserves disclosure. As of June 30, Tether directly held $114.96 billion in U.S. Treasuries, with total reserve assets of $187.75 billion and assets exceeding liabilities by $4.11 billion. Even so, the reported government plan has not established any cooperation with Tether and has not become a formal operating project.
The Trump administration is considering an overseas stablecoin plan that could take the form of a joint venture with private companies, according to ChainCatcher, which cited a person familiar with the matter.
The report said the U.S. Treasury, the State Department, and the U.S. International Development Finance Corporation (DFC) could all be involved. The purpose would be to expand the use of the U.S. dollar and support demand for U.S. Treasuries.
ChainCatcher also cited Tether’s latest reserves report. As of June 30, Tether directly held $114.96 billion in U.S. Treasuries. Its total reserve assets stood at $187.75 billion, exceeding liabilities by $4.11 billion.
The reported plan has not established cooperation with Tether, and it has not become a formally operating project.
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