The story so far

1. 15 July 2024Promised

   “KEEP THE U.S. DOLLAR AS THE WORLD’S RESERVE CURRENCY”

   source
2. 23 January 2025In plan

   Executive Order 14178 sets a policy of protecting the sovereignty of the US dollar, including through dollar-backed stablecoins, and bars agencies from establishing a central bank digital currency

   source
3. 18 July 2025Legislated

   The GENIUS Act, Public Law 119-27, sets federal rules for payment stablecoins, which must hold reserves of at least one to one, such as Treasury bills maturing in 93 days or less; it takes effect by 18 January 2027 at the latest

   source
4. 30 September 2026Delivering

   IMF data put the US dollar's share of the world's foreign exchange reserves at 56.70% in the second quarter of 2026, against 20.60% for the euro

   source