Summary
- The Trump administration reportedly will not pursue the development of a CBDC.
- Instead, growth in stablecoins is expected, with legislation anticipated to pass.
- There could also be enhanced guarantees for Tether (USDT) and Circle (USDC).
Geoff Kendrick, head of digital asset research at Standard Chartered, stated in an interview with Cointelegraph on the 20th (local time) that "the new Donald Trump administration will not develop a Central Bank Digital Currency (CBDC)," adding that "Trump has been opposed to CBDCs." He continued, "However, instead, stablecoins could see significant growth," and "a stablecoin bill will pass within a few months of Trump's administration starting, and there could be more guarantees for Tether (USDT) and Circle (USDC)." 
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
