Stablecoins are the best unique tool for the US government in order to maintain the hegemony of the US dollar in the world’s financial markets, according to the CEO and founder of Layerzero Labs, Bryan Pellegrino.
In an interview with Cintelelegraph, the CEO of Layerzero Labs, which created the Layerzero interoperability protocol recently chosen by Wyoming to be the distribution partner of Wyoming StableCoin, said that the cross -border accessibility of the Tokens with a dollar in making us an obvious choice to make us request in dollars. Pellegrino added:
“Stablecoins for the US dollar are the best unique tool – the last Trojan or vampire horse horse against all other currencies in the world – be it Argentina, whether it is Venezuela, whether all the countries have massive inflation.”
The CEO has said that it expects support to the stables of federal levels and states to increase due to the strong increase that the stable of the US dollar on the foreign exchange markets and the financial demand focused on the stability of the moats will create around the global status of the reserve currency of the US dollar.
Presentation of the Stablescoin market. Source: Rwa.xyz
In relation: Some stablecoins are not titles, said dry in new guidelines
The US government takes care of the stablecoins to protect the US dollar
Pellegrino cited the emerging role of Tether as one of the greatest buyers of American Treasury bills in the world as proof of the demand for American debt instruments of Stablecoin issuers.
Tether recently became the seventh holder of US Treasury bills, beating Canada, Germany, Norway, Hong Kong and Saudi Arabia.
Speaking at the top of the White House crypto on March 7, the US Treasury Secretary, Scott Bessent, said that the Trump administration would exploit Stablecoins to extend the hegemony of the US dollar and indicate that this would be an absolute priority for civil servants in 2025.
https://www.youtube.com/watch?v=fdpmjhtq5am
According to a 2023 Chainalysis report, more than 50% of the value of digital assets transferred to countries in the Latin American region, including Argentina, Brazil, Colombia, Mexico and Venezuela was labeled in stablecoins.
The low transaction costs, the relative stability and the settlement times close to the moments for the stablescoins at Pie to a dollar make these assets real tokenized ideal for sending funds and value reserves for residents of developing countries with high inflation and capital control.
Review: Bitcoin payments are compromised by centralized stables
