Bitcoin can benefit from US StableCoin Domination
The American pressure to maintain global dominance of dollars through the adoption of stablecoin could have unintentional benefits for Bitcoin because it appears as potential national reserve assets.
During Summit for CRIPTO white houses 7. Marta, US Secretary Treasuri Scott Bessent said The US government would Use StaBlecoins to ensure that the US dollar remains the world’s world reservation currency.
“We will put a lot of thinking in Stablekoin Mode and how President Trump is directed, we will keep the American (dollar) dominant spare currency in the world,” said Bessent.
The Treasury Secretary also reiterated the Promise of Trumps Administration end the war on crypto and is dedicated to overly excessively instructions for internal income and criminal regulatory measures.
President Trump delivers address at Cripto Beli House summit. Source: Associated Press
Comments arrived immediately before Trump Signed the executive order of establishment Bitcoin (Btc) Book the use of cryptocurrency lost in government criminal cases. Although the command does not include the direct purchase of Federal BitCoin, it represents the transition as the government watches the cryptocurrency.
Bitcoin can benefit from the growing adoption of steless and pressure to greater shell clarity, in accordance with Omri Hanover, General Manager at GEMS trading Bloksaya Launchpad.
“If Trump policy strengthens American financial dominance, reluctance of Europe and” I am waiting for access “and” and video “could weaken its economic impact,” he told Conistelegraph, adding:
“This division creates two market realities: the United States accelerates the institutional adoption of bitcoins, a drawing capital; and the EU priorities compliance with conformity, risking capital to the US market.”
Meanwhile, two main laws await congress approval: StableCoin Bill and The Market structure accountWhat is the goal to help raise regulatory uncertainty around the American crypt industry.
Meanwhile, PRO-CRIPTO legislators focused on two main legislative priorities – StableCOINS and General structure of the clarity market – which would help raise regulatory uncertainty around the American crypt industry. However, Congress has not yet brought any related accounts.
Related: American Bitcoin Reserve Reserves ‘Actual Step’ According to Global Financial Integration
The growth of the issuer StableCoin can flow in the investment in Bitcoin
The growing profit of the publisher of StableCoin could contribute to the Bitcoin investment, further strengthening its status as a value store.
Tether, the publisher of the world’s largest, USDT (USDTT), he said he would invest 15% of his net profit in Bitcoin to diversify his susceptible assets.
Tether’s Bitcoin Snogds have proven litable when the firm has announced a Record $ 4.5 billion profit For the first quarter of 2024. years.
About a billion billion dollars arise from operational ages manufactured from American treasury houses, while the remaining 3.52 billion dollars included gains in the market in the company Bitcoin Indesions and Golden Position.
Tether’s financial reserves, K1 2024. Source: Moor
Related: Paolo Ardoin: Competitors and politicians intend to “kill a teter”
The Tether’s “BC1K” address currently has Bitcoin worth 6.8 billion dollars, which makes it world sixth holder, Bitinfocharts The data show.
Tether’s Bitcoin Flasings He earned a $ 5 billion in profit during 2024. Year of 13 billion dollars a year profit, cointelegraph was reported 31. January.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2025-03/01957fad-c08b-7cdf-8f3b-77626c599acd
2025-03-10 17:20:00
