Global competition in the digital currency space is intensifying, with the U.S. Dollar, China's digital Yuan, and cryptocurrencies like Bitcoin vying for dominance. As digital currencies proliferate, they are poised to transform economic systems and redefine international monetary frameworks. The U.S. currently leads this race with the rapid growth of USD Coin (USDC), a regulated, dollar-backed digital currency that has facilitated a robust internet-native ecosystem. This ecosystem, driven by open-source technology and free market innovation, supports USDC transactions across numerous platforms, offering global liquidity and convertibility. However, the emergence of central bank digital currencies (CBDCs) presents challenges such as potential privacy erosion and the risk of nationalizing technology. U.S. policymakers face a critical decision: to foster an environment that embraces free market principles and robust regulations or risk falling behind as countries like China advance with state-controlled digital currencies. The urgency for decisive action is underscored by the need to establish the Dollar as the foremost internet currency, safeguarding its role in the global digital economy.