No, a stablecoin, as the name implies, is a currency with a stable price.
We previously discussed the strategic significance of Trump supporting Bitcoin.
Today, let's talk about the battle for stablecoins.
A stablecoin, as the name implies, is a currency with a stable price. Currently, it has two main roles:
1. Acting as a medium for buying coins in certain countries.
2. Gray and black markets, money laundering, and asset transfer medium.
Previously, there were various stablecoins on the market, and now the largest ones are USDT and USDC, while others belong to the second tier.
The core reason Trump wants to promote stablecoins is that the status of the US dollar is not what it used to be, as countries begin to settle using their own national currencies; additionally, there are foreign exchange controls in other countries.
As mentioned before, the greatest significance of cryptocurrency lies in bypassing foreign exchange controls.....
Stablecoins, due to their relatively stable prices, are a very important foundational setup.
Imagine in some countries where ordinary people have no investment channels, once they can use stablecoins to invest in US stocks, purchase US treasury bonds, or invest in other American assets, wouldn't it cause capital outflow?
Countries that have figured it out are all following suit.
What do you want to say about the impact of this thing on the cryptocurrency market?
In the short term, it has little impact on prices, but in the long term, it affects more than just prices.
