US Explores Plan to Boost Dollar Stablecoins Worldwide

The US Treasury, State Department, and possibly the US International Development Finance Corporation are weighing a plan to promote dollar-backed stablecoins globally through public-private partnerships.

America seeks global dollar stablecoin adoption

According to Bloomberg, the initiative is part of America’s plan to boost its Treasuries, in addition to the dollar’s global dominance. Challenges for the proposal include regulatory actions by other nations and the risk of bank deposit flight – an issue that has long plagued stablecoin uptake.

A 2026 survey by Visa found that the number of Americans willing to use stablecoins rose from 36% to 56%. The main motivations here were increased anti-fraud mechanisms and insurance policies.

Beyond that, the stablecoin market cap is currently at $306.5 billion, with Tether’s USDT dominating at 59.83%.

Source: DefiLlama

China and Europe stablecoin push

Rival nations such as China and the European Central Bank (ECB) are already pushing for similar moves for the digital yuan (e-CNY) and the digital euro, respectively. According to the Atlantic Council, the e-CNY has grown by over 800% since 2003, with cumulative transaction value exceeding $2.3 trillion by the end of 2025.