IN THE NEAR TERM: U.S. CRYPTO REGULATIONS, FINALLY! ‼️
Institutions are expecting significant changes soon. 🔑💨
Congress is anticipated to oversee the issuance and reserve backing of all USD-pegged stablecoins.
This move aims to “fortify the U.S. dollar’s position abroad.”
Currently, 99% of all stablecoins are denominated in USD, leaving little room for other fiat currencies in the crypto space. In contrast, non-USD fiat currencies hold some relevance in the physical economy, but their influence pales in comparison to the dominance of the dollar in the digital realm.
This reveals a critical reality: the U.S. has a second chance to reassert the dollar’s dominance—this time, in the digital realm.
Stablecoin regulation could very well become the saving grace for the dollar—and by extension, the U.S.—in the global currency wars
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