Stablecoins, a Potential 'Strategic Asset' for the U.S. Government, Says ARK

In a report released on the 5th, leading U.S. hedge fund ARK Investment detailed the potential role of stablecoins in the U.S. government's fiscal strategy and in maintaining the hegemony of the U.S. dollar. The report claims that stablecoins could become the most important strategic asset for the U.S. government in the next 5 to 10 years. Titled 'Stablecoins: Potentially the Most Resilient Financial Ally of the U.S. Government,' the report first mentions the rapid growth of stablecoins. Since the beginning of the year, their supply has increased by more than 20% to $247 billion (approximately 35.8 trillion yen), indicating their expanding influence in the U.S...