Personally, I see USDC as the only relatively safe stablecoin right now and wouldn’t hold any others this year. Stay informed and be prepared.

Wishing you a great weekend!

While this decision currently applies only to Europe, I expect regulatory scrutiny on stablecoins to increase worldwide throughout 2025. If that happens, USDT could face even greater challenges.

From February 27, spot trading will be restricted to sell-only, and by March 31, any remaining balances will be automatically converted to USDC.

The letter includes crypto-related questions, such as whether Bessent supports granting the Treasury’s sanctions office, OFAC, authority over stablecoins and whether measures should be introduced to cut off fintech and crypto firms that present risks to the U.S.