President Donald Trump has signed a Presidential order to strengthen the ridiculous role in the US economy while blocking the development of the Central Bank’s digital currency (CBDC) at the same time. This movement is considered a strategic effort to maintain the dominance of US dollars in global financial scenery, especially in intensifying competition with other countries.
Key takes
Trump’s presidential order promotes the growth of dollar support stubcoin. In this order, the development of CBDC in the United States is prohibited and stubcoin is placed as a priority digital assets. The European Central Bank (ECB) officials are promoting the faster development of digital Euro in accordance with the US initiative.
Overview of the Presidential Order
On January 23, 2025, President Trump issued a presidential order to match Stabcoin to maintain the global dominance of the dollar. The order is specifically supporting the development of stubcoin, a legal, legal and legal dollar support that accounts for almost 90 % of the StableCoin market, such as those issued by Tether and Circle.
In addition, the Presidential Order will create a regulatory framework for digital assets and establish a Presidential Work Group on the digital asset market that is assigned to establish a state of state digital assets.
Impact on StableCoins
The Presidential Order is expected to have a major impact on the StableCoin market.
Market growth: The United States aims to strengthen payments and remittance in emerging economic countries by promoting dollar support stubcoin. Clarity of regulations: A more clear promise may encourage more companies and financial institutions to be involved in stable ones and promote sector innovation. International Competition: This order may position the United States as a leader in the digital asset field and compete in efforts to establish its own digital currency by countries such as China and Russia.
Concerns and criticism
Despite the potential interests, the Presidential Ordinance brought criticism and raised concerns.
Risk of financial stability: Critics argued that stable but rapid growth could bring risks to the stability of finance, especially if they were not particularly restricted. Illegal use: There are continuous concerns regarding the use of stability in illegal activities, which can impair their legitimacy and acceptance. Conventional impact on banking work: Stabcoin’s rise may confuse the conventional banking system to provide an alternative to carry out transactions without the need for banks.
European support
In light of Trump’s presidential order, ECB officials are seeking a quick introduction of digital Euro. They argue that they may weaken the stupid and ridiculous banks covered with US dollars and need competitive response. Piero Cipollone, a member of the ECB board, emphasized the need for Europe to act quickly to avoid being delayed in digital currency racing.
Conclusion
Trump’s presidential ordinance has a very important moment for the future of digital assets in the United States by promoting stubcoin and blocking the development of CBDC. The administration is positioned to utilize the growing digital economy while protecting the status of the dollar as a world -class reserve currency. As the global financial environment evolves, the meaning of this order is closely monitored by both supporters and critics.