Trump-Backed USD1 Poised to Overtake Tether and USDC as Top Stablecoin by 2028

Blockstreet, a digital asset analysis firm, anticipates that USD1, a stablecoin with backing from former U.S. President Donald Trump, will surpass both Tether (USDT) and Circle’s USD Coin (USDC) to become the market’s leading stablecoin by 2028. This prediction is based on several factors, including the strong political support behind USD1, its potential to tap into a vast fanbase, and the increasing regulatory scrutiny facing existing stablecoins. Analysts at Blockstreet believe that USD1 has the potential to become an appealing option for investors seeking a reliable and transparent stablecoin. Furthermore, they suggest that Trump’s entry into the stablecoin market could attract significant attention to the industry and contribute to its overall growth. It is important to note, however, that the stablecoin market is dynamic and highly competitive, and the success of USD1 is not guaranteed. The stablecoin will need to address several challenges, including regulatory compliance, risk management, and building user trust, to achieve its goal of becoming the market-leading stablecoin.