BlackRock strategists said the United States’ newly enacted Genius Act, which establishes federal standards for dollar-backed stablecoins, is likely to reinforce the currency’s global primacy. In a note circulated on 29 July, the $12 trillion asset manager argued that a clear regulatory framework will encourage wider issuance and international use of tokenised dollars, making it easier for emerging-market residents to access greenbacks and reducing reliance on volatile local currencies. The research note describes stablecoins as one of five “mega forces” reshaping financial markets and contends that their growth could also support broader adoption of digital assets such as bitcoin. BlackRock adds that stablecoins are “here to stay” and predicts that the legislation will strengthen the dollar’s role in cross-border payments while giving U.S. policymakers an additional tool to project economic influence.