United States strengthens dollar dominance through sanctions and stablecoin strategy

The United States is implementing strategies to maintain the global dominance of the dollar through both traditional sanctions and the promotion of digital assets. Treasury Secretary Scott Bessent announced plans to target Iranian commercial airlines, stating that all Iranian airlines will be shut down globally by September 23. The U.S. has warned that any company or country providing fuel, landing services, or tickets to these airlines could face secondary sanctions and be removed from the dollar-based financial system.

Simultaneously, the U.S. is working to integrate dollar-backed stablecoins into the global economy to ensure digital finance remains denominated in dollars. Following an executive order and the passage of the GENIUS Act, a regulatory framework now requires stablecoin issuers to maintain 1:1 backing with high-quality liquid assets, such as U.S. Treasuries. This strategy aims to extend U.S. monetary policy conditions internationally and create structural demand for U.S. government debt.