Washington, Feb 6 (IANS) The US Treasury is betting that stablecoins backed by government securities can strengthen the global role of the dollar, with Treasury Secretary Scott Bessent defending new legislation on digital assets before Congress.Testifying before the Senate Banking Committee, Bessent praised the GENIUS Act, which requires stablecoins to be backed by high-quality liquid assets such as US Treasuries.“This framework has the potential to expand dollar dominance, increase global dem…
Trending
- Phula (2026) Movie Review: A Soulful Tale of Resilience and Folk Art
- Therachaapa Movie Review: A Rooted Rustic Drama Packed With Emotion and Grit
- Salbardi (2026) Review: A Gripping Tale of Mystery and Justice From the Heartland
- Bad Boy Karthik Review (2026): A Brother’s Fight That Packs Enough Heart to Win You Over
- Matka King Review: Vijay Varma’s Finest Hour in a Gripping Bombay Crime Drama
- Pallichattambi Movie Review: Tovino Thomas Leads a Powerful Period Drama with Mass Appeal
- Mr X Movie Review: Stylish Spy Action Thriller Delivers Big-Screen Entertainment with Arya in Command
- Thimmarajupalli TV Movie Review: A Heartwarming Nostalgia Trip That Captures the Soul of Rural Telugu Cinema