U.S. Treasury Secretary Vincent: The dollar is about to go online
2025-07-20 03:26:41
US Treasury Secretary Michael Faulkender said in a post on the X platform that blockchain technology will power the next generation of payments. The U.S. dollar is coming onchain. Thanks to Trump's leadership and Senator Bill Hagerty's important work in Congress, the GENIUS Act will help solidify the status of the dollar as a global reserve currency for generations to come. In addition, US Treasury Undersecretary Michael Faulkender also said that with the GENIUS Act providing legal clarity for stablecoins, the United States now has faster, cheaper, and safer ways to transact, which increases the global acceptance and demand for dollar-backed digital payments and reinforces the commitment to make the United States the crypto capital of the world.
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