The United States' initiative to uphold the dollar's supremacy through stablecoin adoption could inadvertently favor Bitcoin, positioning it as a potential federal reserve asset. Treasury Secretary Scott Bessent emphasized the importance of stablecoins for maintaining the dollar's status as the global reserve currency during a recent address on March 7. Notably, former President Trump's directive to create a Bitcoin reserve from cryptocurrency seized in criminal cases signals a shift in the government's stance toward Bitcoin. Omri Hanover, of Gems Trade, noted that the rise of stablecoins might enhance Bitcoin's institutional adoption in the US, while potentially sidelining Europe’s influence due to its cautious regulatory approach. As two key bills aiming to clarify crypto regulations are pending congressional approval, the increasing profitability of stablecoin issuers could lead to enhanced investments in Bitcoin. Tether, the dominant stablecoin issuer, plans to allocate 15% of its profits to Bitcoin, further strengthening its valuation as a store of value.

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