U.S. Senator Bernie Moreno said stablecoins are "dollarizing the world," framing the crypto asset class as a tool that expands the global use of the U.S. dollar through blockchain-based digital tokens typically pegged to fiat currency. He also said BRICS, a grouping of major emerging economies, had attempted to challenge U.S. monetary influence but that effort is now "kind of dead," according to his remarks. The comments reflect a broader policy debate over whether dollar-backed stablecoins can reinforce the dollar’s international role by making digital dollar settlement faster and more accessible across borders.