PANews reported on June 5th, citing Bloomberg, that the US government is betting that stablecoins issued by private institutions like Tether and denominated in US dollars will expand to approximately $3 trillion in the coming years to support the dollar's international dominance and absorb more demand for US Treasury bonds. However, the article points out that the current mainstream stablecoin issuers are concentrated in Tether, whose compliance with regulations and anti-money laundering practices are questionable. A run on Tether or a smart contract malfunction could impact its large holdings of US Treasury bonds and disrupt global payments and settlements. Meanwhile, the European Central Bank is pushing forward with central bank digital currencies and a "tokenized euro" to support atomic settlements, in order to avoid the locking of key financial infrastructure by private US dollar tokens.