Here’s What Trump’s Crypto Strategy Implies For XRP and Coinbase

Donald Trump’s recent launch of the $TRUMP cryptocurrency, which quickly achieved a valuation exceeding $30 billion, has intensified discussions about the future of crypto in the United States.

With his upcoming inauguration, Trump’s plans to prioritize cryptocurrency as a national strategic tool could significantly reshape the global financial system and impact key players like Coinbase and XRP.

Reviving the U.S. Dollar Through Crypto

Under the Biden administration, global diversification away from the U.S. dollar weakened its status as the dominant reserve currency. Trump appears to view cryptocurrency as the means to reverse this trend.

Austin King, co-founder of Omni Network, highlighted in a thread on X that Trump intends to leverage crypto technologies to enhance the U.S. dollar’s global presence. His strategy emphasizes empowering U.S.-based crypto firms, signaling a potential shift in how the financial system integrates digital assets.

King noted that blockchain technology has advanced significantly over the past four years. While most attention was directed toward scams and scandals like the FTX collapse, transactions are now nearly instantaneous and cost-effective, enabling cryptocurrencies to compete with traditional finance.

Trump’s approach could position crypto as a pivotal tool to export the dollar’s influence, creating new opportunities for companies like Ripple and Coinbase.

How Can This Benefit the Crypto World?

With the XRP Ledger (XRPL) and RLUSD stablecoin, Ripple is well-positioned to benefit from these developments. King noted that the supply of RLUSD will grow, bolstered by networks like Omni that aim to integrate the stablecoin across the broader on-chain economy. This could create huge revenue opportunities for XRP.

As RLUSD adoption expands, Ripple may unlock diverse revenue models beyond transaction fees, including cross-chain fees. This marks a significant milestone for XRP, which could start capturing value from activities on other blockchain networks for the first time.

The potential scale of these changes is immense. King noted that stablecoins account for approximately $100 billion in daily trading volume, amounting to an annualized $36 trillion.

If Trump’s plans materialize, this figure could increase as U.S. crypto companies capitalize on growing demand for blockchain-based financial services. Ripple’s technology and Trump’s strategy, could accelerate the adoption of on-chain ecosystems worldwide.

While Trump’s administration has not yet begun, these early moves suggest a transformative vision for integrating crypto into the national and global economy. His long-term vision explains the optimism in the crypto market for his upcoming administration, and as King stated, “This is just the start.”

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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