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President Trump’s executive orders aim to bolster the U.S. dollar's dominance through dollar-backed stablecoins, which are pegged to stable assets like cash and Treasury bills. These cryptocurrencies facilitate transactions and cross-border commerce, offering a stable entry into the volatile crypto market. Legislative efforts, including the STABLE Act and the GENIUS Act, seek to regulate stablecoins, allowing banks to issue them under Federal Reserve oversight while ensuring consumer protection against fraud.
The adoption of Ether and Solana is surging in Brazil, with Ether transactions rising to 950,000 and over $165 million in value, up from 600,000 transactions and nearly $40 million last year. Solana also saw significant growth, doubling its transactions to 443,000 and increasing turnover to close to $84 million. However, the market remains dominated by dollar-pegged stablecoins, which accounted for 70% of the $2.64 billion transacted in October.
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Trump administration promotes stablecoins to enhance digital financial technology in the US
12:11 18.03.2025
ether and solana see significant growth in brazilian crypto market
12:30 15.12.2024
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