BlockBeats News, May 22, the United States' Stablecoin Innovation and Adoption Act is making rapid progress, expected to receive bipartisan support, paving the way for stablecoin regulation and the US dollar's on-chain dominance, and potentially bringing demand for trillions of dollars in government bonds. This policy is expected to drive institutional and government funds into the crypto market at an accelerated pace, benefiting USD-pegged stablecoins and DeFi applications.
Bitunix analyst's suggestion: Bitcoin is expected to remain relatively strong in the short term, reaching a high of $111,000, but caution is advised regarding the risk of a pullback. It is recommended to keep an eye on the dynamics of stablecoins such as USDT, USDC, USD1, and to consider projects with compliance potential on dips, such as ETH, LDO, ARB, as the policy and fund resonance is expected to lead to a reassessment of mainstream assets.
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