Fed Governor: US Policy Needs to Align with Stablecoin Market Projected to Hit $3T by 2030
Stablecoin Market Growth: US Federal Reserve Governor Stephen Miran predicts the stablecoin market could reach between $1 trillion and $3 trillion by the end of the decade, significantly higher than its current capitalization of approximately $305.514 billion.
Regulatory Clarity from GENIUS Act: The recent signing of the GENIUS Act provides a clear regulatory framework for stablecoin issuers in the US, encouraging their integration into the payment system, although Miran notes that economic research on stablecoins still needs to catch up.
Impact on US Dollar Dominance: Miran asserts that stablecoins are enhancing the global dominance of the US dollar, as many major stablecoins are pegged to the dollar, increasing demand for US Treasury bills and other dollar-denominated assets.
Need for Local Fiat Integration: For stablecoin adoption to flourish, Miran emphasizes the necessity of creating a bridge from local fiat currencies to stablecoins, which will facilitate their broader acceptance and use.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.541 | 2.28 | 3.041 | 3.78 | 4.541 | 5.28 | 6.041 |
| Fibonacci | 2.28 | 2.853 | 3.207 | 3.78 | 4.353 | 4.707 | 5.28 |
About TRUMP
About the author
