The American House of Representatives has just passed a law supervising stablecoins, these cryptocurrencies indexed to the dollar. An adoption that reflects the growing interest in digital currencies in the United States, boosted by unexpected support, that of Donald Trump. The former president, formerly skeptical, made it an electoral and economic lever. Decryption.
A few years ago, Donald Trump Openly attacked Bitcoin and Cryptocurrencies, describing them as dangerous. Today, he has become one of the most fervent defenders. If the American president has changed his mind on the subject, it is both for reasons both political and economic. On the one hand, the cryptos sector was generous with its 2024 presidential campaign, injecting more than $ 200 million to support its candidacy. On the other, Trump and his family are directly involved in this market. They launched their own stablecoins via A family business, and even personal cryptocurrencies, a few hours before the January inauguration.
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Cryptos, an electoral and geopolitical asset
This Trump support is also part of an electoral strategy. Almost 42% of young American men have already invested in cryptocurrencies. An electorate fond of alternative solutions that the former president seeks to seduce. But the stake exceeds the polls, since the UNITED STATES Now hold nearly 200,000 bitcoins, or about $ 24 billion during the current course. These reserves, kept as digital gold, become a symbol of monetary power. By regulating without braking the stablecoins leaning against the dollar, Washington seeks to strengthen his currency in the face of the rise of alternatives, while offering faster and less expensive payment solutions to citizens.
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A balance to be found between innovation and caution
If the Stablecoins promise instant, secure transactions without bank charges, their generalization raises many questions. Donald Trump does not exclude that they are used to finance, in the long term, pensions. But the idea remains controversial. The risks are real: market volatility, speculative bubbles, conflicts of interest between public sphere and private interests. The challenge for the United States will therefore be to find a subtle balance between freedom to innovate, user protection and fraud prevention. A challenge that could redraw the contours of the global monetary system.
