CITIC Securities: Policy Tailwinds for Stablecoins Expected to Benefit Cryptocurrency Upside

BlockBeats News, June 6th. A recent research report from CITIC Securities pointed out that recent progress has been made in the legislation of stablecoins in the United States and other countries. The report believes that the Trump administration is promoting cryptocurrency-related bills for three purposes: to help families accumulate wealth and fulfill campaign promises, to promote the expansion of the stablecoin market to alleviate the pressure of insufficient demand for U.S. debt, and to strengthen the relationship between stablecoins and the U.S. dollar to delay the de-dollarization process.

Therefore, the normalization process of stablecoins is expected to continue. The expansion and development of the stablecoin market are a medium- to long-term positive factor for the cryptocurrency market. However, the accelerated uptrend of cryptocurrencies may need to wait for policy certainty from the Trump administration. (Jinse)