According to ChainCatcher, former House Speaker Paul Ryan urged lawmakers in Washington to consider developing a 'sound, predictable regulatory framework for stablecoins' in the United States. In a commentary in the Wall Street Journal, Ryan argued that in the face of growing U.S. debt, lawmakers should embrace stablecoins to make those debts more attractive in international markets and avoid the possibility of failed debt auctions. He pointed out that if other countries succeed in increasing the influence of their currencies while selling off their national debt, then the United States needs to find new ways to increase the attractiveness of the dollar, and dollar-backed stablecoins are one answer.