Adding altcoins to the national reserve also increases centralization risk, one analyst said.
The crypto market surged after Trump’s reserve announcement, but analysts warned the rally may be temporary as regulatory hurdles remain.
While the idea of a reserve had been floated before, this marked the first time specific altcoins were highlighted, analysts told Cointelegraph.
ZachXBT said major stablecoin issuers like Tether and Circle define blockchain legitimacy, while questioning the absence of stablecoins on Cardano and XRP Ledger.
The new token triggered tokenomics and cybersecurity concerns among industry watchers following the latest celebrity-endorsed memecoin scandals.
Binance will delist nine stablecoins, including USDT and DAI, in Europe on March 31 to comply with MiCA regulations, while still allowing custody and conversions.
CoinShares cited the Bybit hack, more hawkish US Fed rhetoric and a previous $29 billion buying streak as reasons for the record-breaking weekly outflows.
Excluding the $1.4 billion Bybit hack, crypto losses in February amounted to about $126 million.
An Ohio woman lost her life savings to the scam, and the fraudsters allegedly threatened harm to her friends and family unless she sent more money.
XRP, ADA and SOL rallied after President Trump’s post about a crypto strategic reserve. Will other altcoins latch on and rally too?