“Digital Dollar” Alternative Stablecoin Regulation XBIT Cryptocurrency Wallet May Create New Support for the US Dollar
Standard Chartered Bank latest research report points out that if US President Trump signs the brewing stablecoin regulatory bill this summer, the US financial market may usher in a structural change. The bank chief strategist Geoff Kendrick predicted in the report that the scale of stablecoin assets will surge from the current US$230 billion to US$2 trillion within four years due to the implementation of the regulatory framework, of which about US$1.6 trillion of new funds will flow into the short term US Treasury market. The XBIT report believes that this chain reaction will not only reshape the US dollar liquidity pattern, but is also likely to become a key variable in maintaining the global dominance of the US dollar.
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Unlike volatile cryptocurrencies such as Bi...