Trump calls for America First.
Written by: WOO
Recently, Trump stated that the U.S. will consider establishing a "cryptocurrency strategic reserve" in the future, which includes BTC and ETH, but notably also includes SOL, XRP, and ADA. The overall cryptocurrency market surged in response, with SOL, XRP, and ADA, the "American trio," seeing the highest increases, providing a boost to the overall market during a sluggish period. Unfortunately, the sustainability was poor, and the overall market fell back to the Bitcoin starting point of $83,000 before Trump's remarks.
The recent cryptocurrency market has been like a roller coaster, with wild fluctuations. Trump's statements have a profound impact on coin prices, but the more important concept conveyed is America First. The America First concept of Trump is not only applicable to the cryptocurrency space but is also a core goal of his presidency, evident from his conversations with Zelensky, and his calls for TSMC to increase investments in the U.S., all stemming from the logic of America First.
Returning to the cryptocurrency space, it is believed that in the future, when Trump makes statements related to cryptocurrencies, they will still revolve around the premise of "America First." Therefore, this article will review five cryptocurrencies closely related to the U.S., which may benefit from political dividends in the future.
Chainlink (LINK)
Chainlink is currently the most mainstream decentralized oracle in the cryptocurrency field, founded by an American team, providing significant infrastructure for bringing off-chain data onto the blockchain. Recently, Chainlink collaborated with the U.S. securities depository and clearing company DTCC, along with ten major U.S. financial institutions, to complete a fund tokenization experiment called Smart NAV, successfully publishing key data of mutual funds onto the blockchain through Chainlink's cross-chain interoperability protocol CCIP.
This experiment demonstrated that traditional financial data can be seamlessly integrated into the blockchain via Chainlink, paving the way for large-scale asset tokenization in the future. As U.S. financial institutions begin to embrace blockchain technology, Chainlink, as the leading oracle, will become a bridge connecting traditional finance and the crypto world.
In addition to its connections with traditional U.S. finance, Chainlink also frequently participates in policy discussions in the U.S. At the end of February this year, the team held a private meeting in Washington, D.C., inviting U.S. government representatives to discuss the impact of blockchain on the future of the financial system. This indicates that Chainlink has a proactive dialogue space with high-level U.S. government officials, setting it apart from other cryptocurrency projects.
Moreover, Chainlink has also announced a partnership with WLFI (World Liberty Financial), a DeFi project supported by Trump, utilizing its oracle technology to provide on-chain data and cross-chain services.
LINK itself, as one of the most important infrastructures in the cryptocurrency space, has stronger practical applications with other projects. Coupled with connections to U.S. government officials and the adoption of traditional finance, LINK's status as an "American infrastructure coin" is difficult to shake.
Market Cap: $8,789,128,324
Market Cap Rank: 16
30-Day Price Change: -39.5%
Ondo Finance (ONDO)
Ondo Finance is a leader in the RWA (Real World Assets) sector, primarily focusing on bringing U.S. Treasury bonds on-chain and tokenizing them, allowing crypto users to enjoy the yields of U.S. Treasury bonds.
Notable crypto investment firm Pantera pointed out that tokenization platforms like Ondo are directly competing with Wall Street institutions such as Franklin Templeton and BlackRock, attempting to bring over $20 trillion worth of U.S. Treasury bonds onto the blockchain.
In fact, Ondo has already launched an on-chain U.S. short-term Treasury bond fund product called OUSG, with an asset management scale of approximately $229 million, and has partnered with BlackRock and Securitize to introduce OUSG into the DeFi ecosystem.
In addition to collaborating with traditional asset management companies, Ondo Finance recently partnered with credit card giant Mastercard, becoming the first provider of tokenized physical assets on its Multi-Token Network (MTN). This collaboration allows institutions and businesses to invest directly in U.S. short-term Treasury bonds via blockchain, earning stable daily returns. For U.S. investors, ONDO's appeal lies in its combination of the robustness of traditional U.S. financial instruments (such as Treasury bills) with the efficiency of cryptocurrencies, meaning Ondo not only has an innovative technological solution but also enjoys the support of traditional financial giants.
In terms of regulatory and government friendliness, Trump's newly appointed SEC Chairman Paul Atkins previously served on the advisory board of Securitize, which is the company collaborating with BlackRock and Ondo to promote the tokenization of securities. This network relationship leads the market to expect that U.S. regulatory agencies will take a more open attitude towards compliant tokenization businesses like Ondo in the future.
At the same time, Ondo is also purchasing tokens from WLFI (World Liberty Financial), a DeFi project supported by Trump, currently holding 340,000 Ondo tokens, with a total value of approximately $316,000.
As a leader in RWA, Ondo stands out in terms of TVL (Total Value Locked) data, and with its close ties to traditional finance and the U.S. government, it is one of the few cryptocurrencies held by WLFI, making Ondo's "Made in America" association undeniable.
Market Cap: $2,896,135,618
Market Cap Rank: 40
30-Day Price Change: -31.1%
Hedera Hashgraph (HBAR)
Most users are relatively unfamiliar with HBAR, which is an older project from the last cycle, created in 2018 by Dr. Leemon Baird and Mance Harmon, with its mainnet launched in 2019. It is an established public chain that initially focused on low energy consumption and environmental sustainability. Hedera has already attracted many well-known Web 2 partners and clients, such as Google, IBM, Boeing, LG, Tata, etc., and recently announced its entry into the RWA market, launching an open-source toolkit for configuring, issuing, and managing tokenized bonds and stocks on the Hedera network.
In terms of RWA applications, they launched the DOVU carbon credit trading platform, which can tokenize credit limits and convert them into crypto assets, allowing businesses, governments, and individuals to use them.
In 2023, the U.S. Federal Reserve's instant payment system FedNow included a micropayment platform called Dropp based on the Hedera network as a service provider. Dropp allows merchants to accept small payments and supports the use of HBAR as a transaction currency, even incorporating it into the official payment ecosystem. After the news broke, HBAR's price surged, reflecting the market's optimistic expectations regarding Hedera's relationship with the U.S. government. Besides FedNow, HBAR is also seen as one of the cryptocurrencies that may benefit from an improved regulatory environment in the U.S.
The team has always emphasized compliance, clearly stating their desire to work with regulators to develop tools to assist businesses in fulfilling consumer protection and regulatory compliance obligations. With the participation and support of large U.S. companies, HBAR is regarded as one of the cryptocurrencies with the most "American concept" attributes. The market generally believes that under a friendly policy environment in the U.S., Hedera will have better opportunities for institutional adoption. For example, some analysts point out that the U.S. SEC is very likely to approve multiple crypto spot ETFs, including HBAR, which would serve as a catalyst for the development of the Hedera ecosystem.
Market Cap: $9,568,963,706
Market Cap Rank: 13
30-Day Price Change: -19.5%
Stacks (STX)
Stacks' connection to the U.S. can be traced back to its founding stage: as early as 2019, Stacks (originally named Blockstack) became the first cryptocurrency project in U.S. history to be approved by the SEC for public issuance, pioneering compliant fundraising for crypto projects.
This means that STX has maintained a high degree of alignment with the U.S. regulatory system since its inception, being hailed as a "model" of compliance. From a technical perspective, Stacks brings smart contract functionality to the Bitcoin ecosystem, allowing users to engage in DeFi, NFTs, and other applications based on Bitcoin's security. As multiple U.S. states discuss incorporating Bitcoin into their financial reserves, and with federal attention on Bitcoin applications, projects like Stacks that emphasize integration with Bitcoin may benefit from the increased attention brought by Bitcoin's elevated status.
The friendly policies of the Trump administration may encourage more innovative projects to develop compliantly in the U.S., which is precisely the path Stacks has taken. STX, due to its compliance background and technical characteristics, perfectly aligns with the two key points of the current U.S. crypto narrative: legality and the Bitcoin ecosystem.
Market Cap: $1,030,949,384
Market Cap Rank: 83
30-Day Price Change: -43.1%
Stellar (XLM)
Stellar is a blockchain platform focused on cross-border payments and asset transfers, characterized by its extensive collaborations within the U.S. financial sector. One notable case is that asset management giant Franklin Templeton launched an innovative fund in 2021, which was the first mutual fund approved by U.S. regulators to use a public blockchain for processing transactions and recording shares.
This fund uses the Stellar blockchain to record shares and rebalance portfolios, with its asset mix including low-risk U.S. government securities. In other words, XLM assists traditional Wall Street investment products in going on-chain and maintaining operations, proving its feasibility in the compliant financial sector. Furthermore, the Stellar Development Foundation (SDF) is also quite active in U.S. political circles. They have numerous connections in Washington, D.C., actively participating in lobbying and discussions regarding crypto and stablecoin legislation on Capitol Hill.
Therefore, if the U.S. introduces favorable regulatory frameworks or incorporates blockchain into financial infrastructure, XLM's market attention and chances of benefiting will significantly increase.
Market Cap: $8,677,224,786
Market Cap Rank: 17
30-Day Price Change: -27.5%
Conclusion: The cryptocurrency space is moving towards an "American-made" narrative
From Trump's call to action to the gradual warming of the U.S. regulatory environment, "American-made" cryptocurrencies are quietly becoming the new focus of the market. Chainlink, Ondo Finance, Hedera Hashgraph, Stacks, and Stellar, these five tokens each have their unique characteristics, some bridging traditional finance, some promoting asset tokenization, some gaining recognition from enterprises and governments, while others are endowing new functionalities to Bitcoin. If the U.S. continues to release favorable policies in the future, these American concept coins may welcome a wave of capital influx.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
