The Globe and Mail reports in its Friday, July 18, edition that Stripe chief executive officer Patrick Collison recently discussed the future of the U.S. dollar in a digital world, noting that cryptocurrencies could actually strengthen the dollar. The Globe's Tim Kiladze writes that Mr. Collison stated, "There's an irony in crypto, where one of the most important things it may enable is the dollar's greater success." This is supported by new U.S. legislation, including the GENIUS Act, which recognizes stablecoins as legitimate payment methods. Columbia University economist says: "If my sole objective were lowering borrowing costs, this would not be the way I would go about it. It's not going to work." The Fed influences rates, but government bond trading by investors sets them. Economists warn that dismissing the Fed chair could threaten the bank's independence and lead to rising rates. JPMorgan CEO Jamie Dimon is not buying the hype. He sees stablecoins as merely another payment method. He says it is early days, and fees might increase as stablecoins process more transactions and enhance compliance systems. Meanwhile, JPMorgan is launching its own stablecoin, joined by Citibank and Bank of America.