Trump's Bet on Stablecoins Puts the Financial System at Risk
US government enthusiasm about the cryptocurrency known as stablecoins is about more than Trumpian corruption or industry lobbying. It's an attempt to lower federal borrowing cost…
US government enthusiasm about the cryptocurrency known as stablecoins is about more than Trumpian corruption or industry lobbying. It's an attempt to lower federal borrowing costs - one that may undermine the financial system's stability in the long run.
Source: https://jacobin.com/2026/06/trump-stablecoins-genius-act-debt-financialization