Lates News

The research report from CITIC Securities indicates that there has been progress in the legislation of stablecoins in the United States and other countries recently. We believe that the Trump administration is promoting cryptocurrency-related bills for three main purposes: to help the family accumulate and realize wealth, fulfill election promises; to promote the expansion of the stablecoin market to alleviate the pressure of insufficient demand for US debt; and to strengthen the relationship between stablecoins and the US dollar to delay the process of de-dollarization. Therefore, the normalization process of stablecoins is expected to continue. The expansion and development of the stablecoin market is a medium to long-term positive for cryptocurrencies. However, the accelerated upward trend of cryptocurrencies may depend on the certainty of Trump's policies.