According to Cointelegraph, on August 9, the Wall Street Journal published a commentary saying that stablecoins could be a key factor in maintaining the dollar as the world's dominant currency. The authors of the article, Brian Brooks and Charles Kalomiris, called on the U.S. Congress to develop a "robust and reliable regulatory framework" for stablecoins. Brooks served as the supervisor of the U.S. Office of the Comptroller of the Currency, and Kalomiris is the dean of the School of Economics, Politics and History at the University of Austin. The two said that as concerns about de-dollarization grow, stablecoins could revive the dollar's status as an international trade currency after World War II. Data from the International Monetary Fund show that the share of dollar reserves held by foreign central banks has fallen from nearly 73% in 2000 to 59% today. The article also warned that de-dollarization could harm the U.S. economy, affect the purchasing power of American consumers, and increase the cost of imported goods.