Trump pushes crypto, US dollar gets stronger? This is the strategy behind legalizing stablecoins!

Jakarta, Pintu News – President Donald Trump’s administration in the United States is back in the spotlight with its new strategy of supporting the crypto industry, especially stablecoins. This move is said to strengthen the dominance of the US dollar in the global market amid the era of economic digitalization. With a strong push from the government, the crypto and stablecoin market is predicted to experience rapid growth, even becoming the main pillar of global financial infrastructure in the future.

Stablecoins become the new mainstay of US dollar dominance

US Treasury Secretary Scott Bessent has stated that President Trump’s support for crypto and stablecoins could strengthen and even increase the strength of the US dollar in the international arena. In a recent interview, Bessent emphasized that stablecoins have the potential to become one of the largest buyers of US Treasury securities, thus strengthening global demand for the dollar.

According to Bessent, stablecoins are not just about crypto, but also about building the next generation of dollar-centric financial infrastructure. He estimates that the market capitalization of dollar-based stablecoins could reach more than $2 trillion in the next three years-a nearly tenfold increase from its current position of around $240 billion (Rp3,932 trillion).

The role of stablecoins such as Tether (USDT), which is now the global market leader, is predicted to be further strengthened by US financial institutions, including banking giants such as JPMorgan Chase and Bank of America who are starting to look at this sector. If this trend continues, US-made stablecoins will become the foundation of digital payments worldwide.

Also Read: Bitcoin Survives Global Uncertainty, Will it Continue to Rise?

US Stablecoin Legislation: Domino Effect for Global Crypto

Political support for crypto is becoming more evident after the US Senate passed a stablecoin bill that sets national standards for stablecoin issuance and licensing. The bill is now pending in the House of Representatives, but Trump has made it clear that he wants the regulation completed before August 2025.

The regulation is considered to encourage innovation, increase investor confidence, and open up global access to the US dollar through stablecoins. With clear regulatory standards, US-based stablecoins could expand the dollar’s influence into digital financial systems across borders.

Bessent emphasized that stablecoins could democratize access to the US dollar and expand the reach of American finance on the internet. In addition to increasing demand for US government bonds, stablecoins could also extend American economic power around the world.

Comparison of Trump vs. Biden’s Approach to Crypto

The Trump administration’s approach is in stark contrast to the policies of the Joe Biden era, which crypto industry players consider too strict. Bessent said that regulations under Biden were more oppressive and even considered almost “dead” the crypto sector in the US. Many companies, innovators, and capital eventually chose to leave the US due to regulatory uncertainty.

In the Trump era, the approach is more proactive, open to innovation, and committed to creating regulations that protect consumers without stifling industry growth. A number of crypto-friendly officials have also been recruited to strengthen the US’s commitment as the world’s center of digital asset innovation.

The move is expected to accelerate the transformation of the digital economy in the US, provide legal certainty, and open up new opportunities for the growth of the US dollar-based crypto, stablecoin, and digital asset markets.

Conclusion

President Trump’s open support for stablecoins and crypto marks a new chapter of US dollar supremacy in the digital age. With regulations that support innovation, the potential growth of dollar-based stablecoins is predicted to boost the US’s position as the world’s digital financial center, while establishing the dollar as the main currency in the global market.

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Reference

• Cryptopolitan. Trump’s crypto push cements dollar dominance. Accessed June 20, 2025.
• Featured Image: Deccan Herald