55 Days
Source:
الاقتصادية
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Source: الاقتصادية
55 Daysالاقتصادية
Source: الاقتصادية
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The article discusses the impact of the Janus Act, signed by President Donald Trump last July, which grants legitimacy to stablecoins pegged to the US dollar and allows banks to issue their own coins with federal approval. It is suggested that legitimizing stablecoins could enhance the global status of the dollar and boost demand for Treasury bonds, potentially lowering yields and making borrowing cheaper. However, the law's short-term effects on decreasing interest rates are limited, as the widespread use of stablecoins could also increase risks to market stability, complicate the enforcement of financial sanctions, and lead to greater interest rate volatility on short-term notes. The US dollar is experiencing a decline in its global share, and there are future risks that stablecoins may weaken if they lose their peg to the dollar or if one of them collapses in value, especially those not officially backed, such as Tether. Studies affirm that trust in US institutions is more critical than technology itself, and the major risks to the US economy stem from declining confidence in American institutions rather than the cryptocurrencies themselves.
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