CITIC Securities: The favorable policy expectations for stablecoins are beneficial to the upward trend of cryptocurrencies, which are also affected by Trump's policies

Planet Daily News: CITIC Securities research report points out that recently, multiple stablecoin legislations in the United States and other countries have made staged progress. The report believes that the Trump administration's promotion of cryptocurrency-related bills has three purposes: helping families accumulate wealth and fulfill campaign promises; promoting stablecoin market expansion to alleviate pressure from insufficient US debt demand; strengthening the binding relationship between stablecoins and the US dollar to delay de-dollarization. Therefore, the normalization process of stablecoins is expected to continue. The expansion and development of the stablecoin market will form a medium to long-term positive trend for cryptocurrencies. However, the accelerated upward trend of cryptocurrencies may need to wait for the policy certainty from Trump.