[Washington Plans to Launch Overseas Stablecoin Initiative, Tether Holds $114.96 Billion in U.S. Treasuries] According to a report by CryptoSlate on September 26, as cited by Bloomberg on September 23, sources familiar with the matter revealed that the Trump administration is considering launching an overseas stablecoin initiative. The plan may involve a joint venture with private enterprises, with participation from the Treasury Department, the State Department, and the U.S. International Development Finance Corporation (DFC), aiming to expand the use of the U.S. dollar and support demand for U.S. Treasuries. The context is that Tether has already become a major buyer of U.S. Treasuries: its latest reserve report shows that as of June 30, it directly held $114.96 billion in U.S. Treasuries, with total reserve assets amounting to $187.75 billion, exceeding liabilities by $4.11 billion. The report explicitly stated that the initiative has not yet established a partnership with Tether and has not become an officially operational project.