Former House Speaker Paul Ryan believes implementing stablecoins backed by the US dollar will help the US compete with China's advancements, highlighting the urgency in the current economic landscape.

From Cointelegraph: 2024-06-17 00:20:10

Former House Speaker Paul Ryan emphasized the importance of the U.S. implementing dollar-backed stablecoins due to China’s advancement in creating its own solutions. The urgency of this move is highlighted by the current global economic landscape.

Read more at Cointelegraph Media Group: Stablecoins would help US keep up with China — Former House speaker