The Fed believes that legalizing stablecoins will help strengthen the dollar The US Federal Reserve System (FRS) sees fiat-backed digital currencies as a powerful tool for strengthening the dollar's position on the global stage . The FRS understands very well that if a unified, universal digital currency appears, people will begin to massively escape the control of the traditional financial system. Therefore, the strategy is simple: fragment the stablecoin market , create competition between USDT, USDC, RLUSD and dozens of other "digital dollars". Let stablecoins compete, let users get confused, pay high fees, doubt liquidity and fear regulatory risks — this is what the Fed thinks. The main thing is to prevent the formation of a unified digital analogue of the dollar, independent of banks and the government . The more options — the more uncertainty, the stronger the dependence on the traditional financial system. After all, each stablecoin is somehow tied to the bankin...