Bloomberg: U.S. weighs support for wider overseas use of dollar stablecoins

The U.S. government is considering ways to support broader use of dollar-based stablecoins in overseas markets, Bloomberg reported. Last year, U.S. President Donald Trump signed an executive order promoting legal and trustworthy dollar-based stablecoins worldwide after the passage of the GENIUS Act, a U.S. stablecoin regulatory bill, according to the report.