USDT and Bitcoin’s Critical Role in US Fiscal Stability: Expert Analysis
Jack Mallers, founder of Strike, has highlighted the growing importance of a structurally higher Bitcoin price for US fiscal stability. His argument centers on the symbiotic relationship between stablecoin growth, particularly USDT, and the demand for US government debt. The newly introduced GENIUS Act, though not directly addressing Bitcoin, is seen as a pivotal development for digital assets and maintaining dollar dominance. This analysis underscores the interconnectedness of cryptocurrency markets and traditional fiscal policy, with implications for investors and policymakers alike as of July 2025.
Higher Bitcoin Price Now Critical For US Fiscal Stability, Expert Warns
Jack Mallers, founder of Strike, asserts that a structurally higher Bitcoin price is becoming essential for US fiscal management. His argument hinges on the symbiotic relationship between stablecoin growth and demand for US government debt. The newly introduced GENIUS Act, while not directly addressing Bitcoin, is framed as pivotal for digital assets and dollar dominance.
Mallers draws a direct correlation between Tether's market capitalization and Bitcoin's price trajectory. "If you want stablecoins to grow, Bitcoin grows," he declares, highlighting how stablecoin issuers like Tether bolster demand for US Treasuries. This incremental demand, he argues, is critical for a fiscally constrained US government that can neither raise rates nor cut spending.
Crypto Market Sees Volatility Amid Mixed Signals
The cryptocurrency market exhibited sharp volatility despite maintaining an overall bullish sentiment. Total market capitalization dipped 2.52% to $3.77 trillion, while trading volume surged 9.15% to $220.3 billion. The Fear & Greed Index remains firmly in 'Greed' territory at 66 points.
Bitcoin ($BTC) fell 1.70% to $115,730.43, maintaining 60.9% market dominance. ethereum ($ETH) followed suit with a 1.24% decline to $3,603.27, while increasing its dominance to 11.5%. Solana ($SOL) dropped 2.3% to $178.65, mirroring losses across major altcoins including Tether ($USDT), Dogecoin ($DOGE), and Cardano ($ADA).
Notable gainers defied the broader trend: Black Phoenix ($BPX) skyrocketed 3360.98% to $2.71, Snowy Owl ($SWOL) surged 2339.07% to $0.0001141, and TRUMP MAGA ($MAGA) posted significant gains. The market's divergence highlights both risk appetite and selective profit-taking amid ongoing volatility.
TRON Dominates Stablecoin Transactions on Uquid with 54% Market Share
TRON has emerged as the leading blockchain for stablecoin transactions on Uquid, capturing a 54% share in the first half of 2025. The platform's H1 report highlights TRON's critical role in facilitating real-world crypto payments, driven by its high throughput and cost efficiency.
Daily USDT transactions on TRON average 2.4 million, according to CryptoQuant data. This aligns with Uquid's findings, where TRON processes over half of all stablecoin payments. The network's capacity of 2,000 TPS positions it as a preferred choice for high-frequency settlements.
Uquid's adoption reflects broader industry trends, with merchants increasingly favoring blockchains that combine speed with low transaction costs. TRON's infrastructure now supports everything from digital gift cards to online purchases, demonstrating stablecoins' growing utility in commerce.
