{
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Trump administration promotes stablecoins to enhance digital financial technology in the US

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.
advisorperspectives.com
United States Dollar USD/CAD USD/THB USA Donald Trump Joe Biden
Finance & Economy, Market Report
12:11 18.03.2025

Bitcoin faces potential downturn amid rising USDT dominance and low volume

Bitcoin is facing a potential downturn as it breaks its resistance line with insufficient volume, raising concerns of a fake out. The rebound in USDT dominance from its support level, coupled with a bullish RSI, suggests increased market volatility that could negatively impact Bitcoin and altcoins. Significant liquidity on the downside further reinforces a bearish outlook, supporting a short trade strategy.
Binance Square
USD/THB
Finance & Economy, Market Report
16:58 07.01.2025
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