A decade ago, stablecoins were conceived as a bridge for speculators to travel between risky digital assets like Bitcoin and the less turbulent world of fiat money. That is changing fast. In the hands of a crypto-loving Trump administration, these dollar clones are shaping up as a highway that will carry America’s influence around the world. China’s President Xi Jinping is not taking this new front of geopolitical competition lightly.
A decade ago, stablecoins were conceived as a bridge for speculators to travel between risky digital assets like Bitcoin and the less turbulent world of fiat money. That is changing fast. In the hands of a crypto-loving Trump administration, these do… [377 chars]
Source: Bloomberg | Published: 2025-10-08T20:00:07Z
Credit: Bloomberg
