Treasury Secretary Scott Bessent: the U.S. will keep the dollar the world’s dominant reserve currency—and use stablecoins to do it. Dollar-backed stablecoins hold cash and short-term Treasuries as reserves, so wider adoption increases demand for U.S. debt and extends dollar usage on private rails. RLUSD is Ripple’s regulated USD stablecoin on the XRP Ledger; XRP serves as the bridge asset for liquidity and settlement. Policy supports compliant dollar stablecoins, not any single token.
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