We checked the current data: today, the market capitalisation of all Stablecoins is $132 billion. Almost 61 percent of this amount is accounted for by USDT from Tether, whose capitalization now reaches $80.59 billion. Overall, the list of the largest representatives of this digital asset category looks like this.

How the dollar can be saved

In an interview with Bloomberg, Dixon said the U.S. should have its own regulatory system for steibledcoin by the end of the year. And that’s good news not just for the crypto market, but for the whole country. Here’s a relevant rejoinder in which the expert shares his view of what’s going on.

If we want the US dollar to be strong around the world, dollar-based steblecoins are a sure way to achieve that.


So far, regulators are clearly not in favour of this approach. In particular, in mid-February, the US Securities and Exchange Commission blocked further issuance of the popular BUSD stackcoin from Paxos and Binance. Accordingly, the capitalisation of this token can now only decline over time, which is already happening.


According to Cointelegraph’s sources, President Joe Biden’s administration has previously stated the need to adopt a system to regulate Stablecoin. With that in mind, Dixon added that the initiative has yet to pass Congress. She continues.

If we don’t do something in the US, we will end up in a bifurcated world where there is more cryptocurrency-friendly legislation outside the US. There will be companies outside of America, but there will still be a problem of American consumers wanting to use the technology.


The day before, the need for proper regulation of digital assets was highlighted by Binance chief Changpen Zhao. He believes that the current approach of US regulators is going nowhere. Still, they do not offer normal niche rules, but love to punish and fine various companies retroactively. Of course, this cannot be called adequate conditions for market operation.


The head of Stellar calls for a focus on the usefulness and convenience of stabelcoins for ordinary users. In her quotes, she admits that the field of stablcoin will become a global phenomenon that can hardly be ignored. Those popular stabelcoins that will be backed by fiat currencies to a greater extent will get the most recognition in the world. Right now, though, it is the US dollar that is the most popular currency for backing such projects.

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The US government’s policy on the crypto market could change significantly as soon as after 2024. Robert Kennedy Jr, the nephew of former US President John F. Kennedy, who is running for the upcoming 2024 presidential election, has blamed the US Federal Reserve for the current state of the economy. He believes that cryptocurrencies could serve as a life-saving investment for people “when this whole bubble bursts,” according to CryptoPotato.

That said, the Democratic candidate has controversial views on many provocative topics. For example, he is a vocal critic of the COVID-19 vaccination program, an environmentalist and an opponent of nuclear power.

Kennedy also expressed support for Bitcoin in a recent tweet. According to him, the US Federal Reserve collaborated with a number of leading banking institutions between 2008 and 2022 to print colossal amounts of money, a strategy that could lead to monetary imbalances in the future. The politician sees BTC as an asset that could give people a “way out” in times of possible economic turmoil. Here’s his rejoinder.

Cryptocurrencies like Bitcoin give people a way out of the crisis zone when this bubble inevitably bursts. The White House has colluded with bankers to keep us all trapped in a bubble of profit and control.

Note that such rhetoric can be used to get the attention of voters, so don't count on Kennedy's real support for crypto. However, the benefits of digital assets are clear without his comments.

Kennedy also accused current President Joe Biden of “using the DOJ, FDIC and other agencies as weapons” to force some banks to stop operations with cryptocurrencies. All in all, this position is quite radical. Which means that if Kennedy succeeds in winning voter acceptance, the digital asset industry in the US is, in theory at least, in for a fundamental change.


We believe it is beneficial for any government in general to adequately regulate all cryptocurrencies, not just stabelcoins. Still, an adequate regulatory background will encourage local developers and at the same time attract foreign developers. Well, their work will bring a lot of money to the budget, as well as improve the reputation of the local jurisdiction. As you can see from what is happening in Hong Kong, this could really work.