If the McHenry bill is passed in the US, will it strengthen the dollar as the world's reserve currency?
Naturally, stablecoins which are pegged to the US dollar like the PayPal USD has the potential of strengthening it because they offer an alternative way of accessing the dollar. It would take a lot to suppress the dominance of the Dollar as the globally accepted reserve currency and while the BRICS nations are looking to thwart it's effort, these tokens are providing a tool to maintaining the global influence of the dollar.