The U.S. government’s bold move to establish Bitcoin (CRYPTO: BTC) as an official reserve asset through President Donald Trump‘s strategic Bitcoin reserve (SBR) has thrust cryptocurrencies into the spotlight, yet stablecoins like PayPal‘s PYUSD and Ripple‘s RLUSD are faltering in their bid for market share against offshore giants like Tether’s USDT.
What Happened: Signed into effect on March 6, the executive order designates Bitcoin as a sovereign-grade store of value, backed by roughly 100,000 BTC from forfeited Treasury holdings, while a favorable regulatory climate has failed to ignite adoption of U.S.-based stablecoins.
Analysts point to a paradox: despite unprecedented federal endorsement of digital assets, entrenched transnational players continue to overshadow domestic efforts in the stablecoin arena.
The SBR, detailed in H.C. Wainwright & Co. reports, marks a seismic shift for Bitcoin, which dropped more than 15% to below $80,000 amid investor frustration over vague acquisition plans beyond the initial reserve.
“The EO states that …
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