Trump is prepared to combat the escalating threat posed by de-dollarization. DYOR on this, and according to my research, Trump is battling this—of course, with the cryptoverse's assistance.
Trump for Dollar dominance via stablecoin
De-dollarisation is a big challenge for the US, but Trump is astute; he is using crypto to fight de-dollarization through his pro-stablecoin executive order, which promotes USD-backed stablecoins. This is undeniable: dollar stablecoins are already at the top of the cryptoverse, and Trump wants to maintain their dominance.
MiCA for dedollarization?
While researching the impact of MiCA on stablecoins, I conclude that EU-based exchanges delisted USDT, DAI, etc., for MiCA, which is the EU's attempt at dedollarization in the cryptoverse. The EU is trying to promote a Euro-backed stablecoin, most probably a CBDC, which will be made available to the EU crypto world.
Trump boot on CBDC will help USD against de-dollarisation
The best way to combat dollar in the current digital era is, issuing digital currency against dollar; ever CBDC is not welcomed by Cryptoverse, and Trump has also stymied international efforts to dedollarize digital currencies by shutting down CBDCs in the US.
Originally published at Wubits
