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Why Trump’s team is betting on stablecoins
The administration sees these digital assets as a tool in the fight against de-dollarisation.
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US President Donald Trump holding a signed executive order on cryptocurrencies, in the Oval Office of the White House, on Jan 23.
PHOTO: REUTERS
Gillian Tett
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A year ago, Mr Stephen Miran, former chairman of the Council of Economic Advisers under US President Donald Trump and now a Federal Reserve governor, wrote a paper that caused a frisson in the financial markets.
Mr Miran suggested, in a spirit of Socratic debate, that Mr Trump could use tariffs and a “Mar-a-Lago” currency accord
