GuShiio.com From Trump’s order to the gradual warming of regulatory trends in the United States,”Made in the United States” cryptocurrencies are quietly becoming a new focus in the market.
Recently, Trump said that the United States will consider establishing a “cryptocurrency strategic reserve” in the future, which includes BTC and ETH. It is not surprising that SOL, XRP, and ADA are also included. The overall crypto market soared in response, with the highest increases among the “three American giants”, SOL, XRP and ADA, giving the overall crypto market a boost during the downturn. Unfortunately, the sustainability was not good, and the overall market fell back to Bitcoin’s starting point of US$83000 before Trump’s announcement.
The currency market in recent days has been like a roller coaster, skyrocketing and plunging. Trump’s speech has a profound impact on the currency price, but in fact, the more important concept conveyed behind it is that the United States first. Trump’s concept of America first not only applies to the currency circle, but runs through his president’s core goals. From his conversation with Zelensky to his request for Taiwan Semiconductor Corporation (TSMC) to increase investment in the United States, they are all based on the logic of America first. A move born out of the logic.
Returning to the currency circle, I believe that when Trump makes remarks related to cryptocurrencies in the future, he will still focus on the premise of “America first”. Therefore, this article will take stock of five currencies closely related to the United States and ambush projects that may benefit from political dividends in the future.
Chainlink (LINK)
Chainlink is currently the most mainstream decentralized oracle in the field of encryption. It was founded by an American team to provide blockchain with a major infrastructure for offline data to be uploaded. Recently, Chainlink, DTCC, a US securities custodian and clearing company, joined forces with ten large US financial institutions such as Chainlink and JPMorgan Chase to complete a fund tokenization experiment called Smart NAV, successfully transmitting key data of mutual funds through Chainlink Cross-Chain Interconnection Agreement CCIP. Published to the blockchain.
This experiment proves that traditional financial data can be seamlessly connected to the blockchain through Chainlink, paving the way for the tokenization of large assets in the future. As U.S. financial institutions begin to embrace blockchain technology, Chainlink, the leader of oracle machines, will become a bridge connecting the traditional finance and the crypto world.
In addition to its traditional financial connections with the United States, Chainlink also frequently participates in U.S. policy dialogues. 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 also means that Chainlink has the initiative to have space for dialogue with senior U.S. government officials, which is different from other currency circle projects in terms of network strength.
In addition, Chainlink and WLFI (World Liberty Financial), a DeFi project supported by Trump, announced a partnership with Chainlink to use its oracle technology to provide on-chain data and cross-chain data.
As one of the most important infrastructures in the currency circle, Link itself has stronger practical applications with other projects. Coupled with the connections of the U.S. government and the adoption of traditional finance, Link’s status as an “American family” infrastructure coin is difficult to shake.
- Market value: 8,789,128,324
- Market value ranking: 16
- Increase and decrease in recent 30 days: -39.5%
Ondo Finance (ONDO)
Ondo Finance is today’s RWA track leader. Its main function is listing and tokenization of U.S. Treasury bonds, allowing crypto users to also enjoy the yields of U.S. Treasury bonds.
Pantera, a well-known crypto investment institution, pointed out that tokenization platforms like Ondo are competing head-on with Wall Street institutions such as Franklin Templeton and BlackRock, trying to move more than US$20 trillion in US Treasury bonds onto the blockchain.
In fact, Ondo has launched an on-chain U.S. short-term treasury bond fund product called OUSG, with an asset management scale of approximately US$229 million, and has worked with BlackRock and Securitize to introduce OUSG into the DeFi ecosystem.
In addition to working with traditional asset management companies, Ondo Finance recently partnered with credit card giant Mastercard to become the first service provider on its Multi-Token Network (MTN) to provide tokenized physical assets. This collaboration allows institutions and companies to directly invest in short-term U.S. Treasury bonds through blockchain and earn stable daily returns. For U.S. investors, the appeal of ONDO is that it combines the robustness of traditional U.S. fiscal instruments (such as treasury bills) with the efficiency of cryptocurrencies, which means that Ondo not only has innovative technical solutions, but also has support from traditional financial giants.
In terms of regulatory and government-friendliness, Trump’s new SEC chairman Paul Atkins has served on the Advisory Board of Securitize, a company that is working with BlackRock and Ondo to promote securities tokenization. This relationship has led the market to expect that U.S. regulators will be more open to compliance tokenization businesses such as Ondo in the future.
At the same time, Ondo is also a token purchased by WLFI (World Liberty Financial), a DeFi project supported by Trump. It currently holds 340,000 Ondo pieces, with a total value of approximately US$316,000.
As the leader of RWA, Ondo has the largest TVL in terms of data. Regardless of its close relationship with the U.S. government in traditional finance, it is one of the few currencies held by WLFI. It is difficult to deny the relevance of Ondo’s “Made in America”.
- Market value: 2,896,135,618
- Market value ranking: 40
- Prices and losses in the past 30 days: -31.1%
Hedera Hashgraph (HBAR)
Most users are unfamiliar with HBAR. It is an old project from the previous cycle. It was created in 2018 and was founded by Dr. Leemon Baird and Mance Harmon. The main network was launched in 2019. It is an established public chain. At that time, it mainly operated low-energy and environmentally friendly. Hedera has also attracted many well-known Web2 partners and customers, such as Google, IBM, Boeing, LG, Tata, etc., and recently announced its entry into the RWA market and launch an open source toolkit for configuring, issuing and managing tokenized bonds and stocks on the Hedera network.
In terms of RWA applications, they have launched the DOVU carbon rights trading platform, which can tokenize credit lines and convert them into encrypted assets for use by companies, governments and individuals.
In 2023, FedNow, the U.S. Federal Reserve’s instant payment system, will include Dropp, a micro-payment platform based on the Hedera network, as a service provider. Dropp allows merchants to accept micropayments and supports the use of HBAR as a transaction currency. Even include it as part of the official payment ecosystem. After the news broke, HBAR prices rose sharply, reflecting the market’s optimistic expectations for Hedera’s relationship with U.S. officials. In addition to FedNow, HBAR is also seen as one of the currencies that may benefit from the improved regulatory environment in the United States.
The team has attached great importance to compliance from the beginning and made it clear that it hopes to cooperate with regulatory agencies and develop tools to assist companies in fulfilling their consumer protection and regulatory compliance obligations. Due to the participation and support of large American companies, HBAR is regarded as one of the most “American concept” cryptocurrencies. It is generally believed that in the U.S. friendly policy environment, Hedera will have easier access to institutional adoption opportunities. For example, some analysts pointed out that the U.S. SEC is likely to release multiple crypto spot ETFs including HBAR, which will become a catalyst for promoting the development of Hedera’s ecosystem.
- Market value: 9,568,963,706
- Market value ranking: 13
- Increase and decrease in recent 30 days: -19.5%
Stacks（STX）
The origin of Stacks with the United States can be traced back to its founding stage: as early as 2019, Stacks (formerly known as Blockstack) was the first crypto token project in U.S. history to be issued to the public with SEC compliance approval, creating the first case of compliant fundraising for crypto projects.
This means that STX has maintained a high degree of compatibility with the U.S. regulatory system since its inception and has been praised by the industry as a “positive teaching material”-style compliance model. From a technical perspective, Stacks brings smart contract functions to the Bitcoin ecosystem, allowing users to use DeFi, NFT and other applications based on the security of Bitcoin. As multiple U.S. states discuss including Bitcoin in fiscal reserves and federal attention is paid to Bitcoin applications, projects like Stacks that emphasize integration with Bitcoin may benefit from the attention it brings from Bitcoin’s increased status.
The Trump administration’s friendly policies may encourage more innovative projects to develop in compliance in the United States, which is exactly the path Stacks has been taking. Because of its compliance background and technical characteristics, STX cuts into two major points of the current U.S. encryption narrative: legitimacy and Bitcoin ecology.
- Market value: 1,030,949,384
- Market value ranking: 83
- Prices and losses in the past 30 days: -43.1%
Stellar (XLM)
Stellar is a blockchain platform focusing on cross-border payments and asset transfers, characterized by its extensive cooperation in the U.S. financial community. One example is asset management giant Franklin Templeton, which launched an innovative fund in 2021-the first mutual fund approved by U.S. regulators to use public blockchain to process transactions and record shares.
The fund uses the Stellar blockchain to record shares and rebalance its portfolio, which includes low-risk U.S. government securities. In other words, XLM helps traditional Wall Street investment products launch and maintain operations, proving its feasibility in the field of compliance finance. Not only that, the Stellar Development Foundation (SDF) is also quite active in American politics. They have many connections in Washington, D.C., and are actively involved in lobbying and discussions on the crypto and stablecoin bills on Capitol Hill.
Therefore, if the United States launches a favorable regulatory framework or incorporates blockchain into financial infrastructure, XLM’s market attention and probability of benefiting will also be greatly increased.
- Market value: 8,677,224,786
- Market value ranking: 17
- Increase and decrease in recent 30 days: -27.5%
Conclusion: The currency circle is moving towards a narrative melody made in the United States
From Trump’s order to the gradual warming of regulatory trends in the United States,”Made in the United States” cryptocurrencies are quietly becoming a new focus in the market. Chainlink, Ondo Finance, Hedera Hashgraph, Stacks and Stellar, the five major tokens have their own characteristics. Some connect traditional finance, some promote asset listings, some are recognized by enterprises and governments, and some give Bitcoin new features. If the United States continues to release favorable policies in the future, these American concept coins may usher in a wave of funds.
