Former Senator Pat Toomey emphasized the transformative role of stablecoins at the NABS24 , stating, “I think stablecoins would significantly enhance the status of the dollar as the world’s reserve currency and the leading medium of exchange for a couple of reasons.”

He highlighted two key advantages:

- Technology Edge: Stablecoins allow the dollar to leverage blockchain technology, which cash cannot do.
- Treasury Demand: Stablecoins could drive a whole new category of demand for U.S. Treasury securities, strengthening the dollar's global dominance.

Toomey also called for a well-defined regulatory framework to support these developments and promote blockchain-driven innovation.

Unlock your financial freedom. Global payments ecosystem powered by USB - The Most Decentralized Stablecoin. Join the stabolution  

stabolut.com




Paul Ryan’s Perspective:

"Stablecoins could act as a 'soft power' tool, creating fresh demand for treasuries and helping mitigate future recessions."

Ryan warned about efforts by BRICS nations to bypass the dollar, emphasizing the urgency of stablecoin legislation to protect the dollar's global role:

"The dollar is being challenged, and that matters not just to America, but to freedom-loving people everywhere."

What role do you think stablecoins will play in the global economy? Join the conversation below! 👇

Stablecoins vs. CBDCs

Both Ryan and Toomey expressed skepticism toward CBDCs due to privacy concerns, advocating instead for stablecoins as a private-sector solution aligned with free-market principles.