U.S. Treasury Secretary Bessent has emphasized the potential of cryptocurrency stablecoins to enhance global access to the U.S. dollar. Speaking on August 19, 2025, Bessent highlighted the role of stablecoins in the financial landscape, noting their ability to provide a digital representation of the dollar and increase financial inclusion. This development underscores the importance of stablecoins in bridging gaps in the current financial system, offering more people access to dollar-denominated assets.