You know that PayPal has already launched its own stablecoin.
The company Circle and Tether uses a dollar stablecoin, which is used not only by American companies. If the McHenry bill is passed in the US, will it strengthen the dollar as the world's reserve currency?
Stablecoins which are tied to assets such as the US dollar can have an impact on de-dollarization by providing alternative reserves, transaction stability and lowering reliance on traditional banks. However, geopolitical reasons, regulatory issues and market manipulation may all influence their acceptance.