US Vice President Cyrus Vance, speaking at the Bitcoin 2025 conference, emphasized the potential of stablecoins to become a cornerstone of US economic diplomacy. Vance highlighted the GENIUS Act, which aims to expand stablecoin usage as a digital payment system, enhancing convenience for millions of Americans while ensuring protection for coin holders and market transparency. Vance argued that dollar-backed stablecoins could significantly bolster US influence abroad, describing them as a 'force multiplier' for American economic strength. This perspective positions stablecoins as a strategic asset in the US's global economic strategy.