Stablecoins is the best tool for the United States government to maintain the dominance of the US dollar in global financial markets, according to the Chairman of the Board of Directors of Layerzero Labs and its founder, Brian Pellegrino.
In an interview with Cointelegraph, CEO of Layerzero Labs, which has recently created Layerzero operating protocol by Wyoming to be the distribution partner in Wyoming Stablecoin, said that the accessible access to the boundaries of the dollar -linked symbols make them a clear option to ask for Dold Dold. Pellegrino added:
“Stablecoins for the US dollar is the best one tool – the last Trojan horse attack or vampire on every other currency in the world – whether it is Argentina, whether it is Venezuela, whether it is all countries that have an enormous enlargement.”
The CEO said that support for Stablecoins will grow on both federal levels and state levels due to the clear Stablecoins strengthening of the US dollar in foreign exchange markets and the financial demand moved by Moat Stablecoin about the state of the global reserves of the US dollar.
Stablecoin market overview. source: rwa.xyz
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The US government is looking for Stablecoins to protect the US dollar
Pellegrino cited the emerging role of Tether as one of the largest US Treasury buyers in the world as evidence of the demand for American debt tools from Stablecoin.
Tether has recently become the seventh largest holder of the United States Treasury, overcoming Canada, Germany, Norway, Hong Kong and Saudi Arabia.
Speaking at the Crypto summit at the White House on March 7, US Treasury Secretary Scott Beesen said that the Trump administration will benefit from Stablecoins to extend the dominance of the US dollar and indicated that this would be a top priority for officials in 2025.
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According to 2023 a report From the analysis chain, more than 50 % of all the value of the digital assets that were transferred to countries in the Latin American region, including Argentina, Brazil, Colombia, Mexico and Venezuela in Stablecoins.
The fees for low transactions, relative stability, and settlement times close to the dollar for the dollar stability make these symbolic assets in the real world ideal for transfers and value stores for residents in developing countries that suffer from high inflation and capital controls.
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