Changes in U.S. monetary policy regarding Crypto Assets attract market follow: A review of five promising projects

Recently, there have been reports that the United States may consider establishing a "Crypto Assets strategic reserve" in the future, which would not only include Bitcoin and Ethereum but also cover projects such as Solana, XRP, and Cardano. This news led to a brief increase in the crypto market, especially with significant gains for the latter three. Although the market subsequently fell back, this event highlights the profound impact that policy changes can have on the Crypto Assets market.

This statement reflects the core idea of "America First". This idea is not limited to the crypto assets field, but is also embodied in many policy decisions. Future policies related to crypto assets are likely to continue to revolve around this theme.

Based on this trend, this article will explore five crypto assets projects that are closely related to the United States, which may benefit from future policy dividends.

Chainlink (LINK)

Chainlink is a mainstream decentralized oracle in the crypto field, founded by a team in the United States. It provides the key infrastructure for bringing off-chain data on-chain for blockchain. Recently, Chainlink collaborated with the U.S. securities custody and settlement company DTCC and several large financial institutions to complete a fund tokenization experiment called Smart NAV, successfully publishing key data of mutual funds on the blockchain.

This experiment proves that traditional financial data can be seamlessly integrated into the blockchain through Chainlink, laying the foundation for large-scale asset tokenization in the future. As U.S. financial institutions begin to embrace blockchain technology, Chainlink, as the leading oracle, is expected to become an important bridge connecting traditional finance and the Crypto Assets world.

Chainlink is also actively involved in policy dialogue in the United States. At the end of February this year, the team held a private meeting in Washington, inviting government representatives to discuss the future impact of blockchain on the financial system. This indicates that Chainlink has a unique dialogue channel at the policy level.

In addition, Chainlink has established partnerships with several projects that support new financial concepts, utilizing its oracle technology to provide on-chain data and cross-chain services.

As one of the most important infrastructures in the crypto assets space, LINK itself has a wide range of practical applications. Coupled with its close ties to the US government and traditional finance, Chainlink's status as a "US-based" infrastructure coin is hard to shake.

• Market Cap: $8,789,128,324
• Market Cap Rank: 16
• Price change in the last 30 days: -39.5%

Ondo Finance (ONDO)

Ondo Finance is a leading project in the current RWA (Real World Assets) sector, primarily functioning to put U.S. Treasury bonds on the blockchain and tokenize them, allowing crypto users to enjoy the benefits of U.S. Treasury bonds.

The famous crypto investment firm Pantera pointed out that tokenized platforms like Ondo are competing with Wall Street institutions such as Franklin Templeton and BlackRock, trying to move over $20 trillion of U.S. government bonds onto the blockchain.

Ondo has launched an on-chain U.S. short-term treasury fund product called OUSG, with an asset management scale of approximately $229 million, and has collaborated with a well-known asset management company to introduce OUSG into the DeFi ecosystem.

Recently, Ondo Finance partnered with a major credit card giant to become the first merchant to offer tokenized real asset services on its multi-token network. This collaboration allows institutions and enterprises to invest directly in U.S. short-term Treasury bonds via blockchain, earning stable daily returns. For U.S. investors, ONDO's appeal lies in its combination of the robustness of traditional U.S. financial instruments and the efficiency of Crypto Assets.

In terms of regulation and government relations, Ondo has partnerships with several companies that promote security tokenization, whose executives have certain connections with U.S. regulatory agencies. This relationship has led the market to anticipate that U.S. regulatory agencies may adopt a more open attitude towards Ondo's compliant tokenization business in the future.

As a leader in RWA, Ondo performs outstandingly in terms of TVL (Total Value Locked). Whether it is in relation to traditional finance or the U.S. government, Ondo's "Made in America" attribute is hard to deny.

• Market Cap: $2,896,135,618
• Market Cap Rank: 40
• Price fluctuation in the last 30 days: -31.1%

Hedera Hashgraph (HBAR)

Hedera is a well-established public blockchain project founded in 2018 by Dr. Leemon Baird and Mance Harmon, with its mainnet launched in 2019. Hedera is characterized by low energy consumption and environmental friendliness, attracting many well-known Web 2.0 partners and clients such as Google, IBM, Boeing, LG, and Tata. Recently, Hedera announced its entry into the RWA market, launching an open-source toolkit for configuring, issuing, and managing tokenized bonds and stocks on its network.

In terms of RWA applications, Hedera has launched the DOVU carbon credit trading platform, which can tokenize credit limits and convert them into Crypto Assets for use by businesses, governments, and individuals.

In 2023, the Federal Reserve's instant payment system FedNow included a micropayment platform Dropp based on the Hedera network as a service provider. Dropp allows merchants to accept small payments and supports the use of HBAR as the transaction currency. This initiative integrates Hedera into an official payment ecosystem.

The Hedera team has always valued compliance and has clearly stated its desire to collaborate with regulatory agencies to develop tools that assist companies in fulfilling consumer protection and regulatory compliance obligations. With the participation and support of major U.S. enterprises, HBAR is regarded as one of the Crypto Assets with the most "American concept" attributes. The market generally believes that in a U.S.-friendly policy environment, Hedera will have a better chance of institutional adoption.

• Market Cap: $9,568,963,706
• Market Cap Ranking: 13
• Price fluctuation in the last 30 days: -19.5%

Stacks (STX)

Stacks' connection to the United States can be traced back to its founding stage. In 2019, Stacks (formerly known as Blockstack) became the first Crypto Assets project in U.S. history to be approved by the SEC for public issuance, setting a precedent for compliant fundraising in crypto projects.

This means that STX has maintained a high degree of alignment with the U.S. regulatory system since its inception and is regarded as a compliance model in the industry. From a technical perspective, Stacks introduces smart contract functionality to the Bitcoin ecosystem, allowing users to engage in DeFi, NFTs, and other applications based on the security of Bitcoin. As multiple states in the U.S. discuss incorporating Bitcoin into fiscal reserves, and federal level attention is placed on Bitcoin applications, projects like Stacks that emphasize integration with Bitcoin may benefit from the increased attention brought about by Bitcoin's elevated status.

A friendly policy environment may encourage more innovative projects to develop in compliance in the United States, which is precisely the route that Stacks has been taking. STX, due to its compliance background and technical characteristics, perfectly fits into the two key points of the current U.S. Crypto Assets narrative: legality and the Bitcoin ecosystem.

• Market Cap: 1,030,949,384 USD
• Market Cap Rank: 83
• 30-day price change: -43.1%

Stellar (XLM)

Stellar is a blockchain platform focused on cross-border payments and asset transfers, characterized by its extensive collaboration within the U.S. financial sector. A typical case is an asset management giant that launched an innovative fund in 2021, which is the first mutual fund approved by U.S. regulators to process transactions and record shares using a public blockchain.

This fund uses the Stellar blockchain to record shares and rebalance the investment portfolio, which includes low-risk US government securities. This means that XLM assists traditional Wall Street investment products in going on-chain and maintaining operations, demonstrating its feasibility in the compliant financial sector.

The Stellar Development Foundation (SDF) is quite active in the U.S. political scene. They have a significant network in Washington, D.C., and actively participate in lobbying and discussions regarding legislation on Crypto Assets and stablecoins.

Therefore, if the United States introduces a favorable regulatory framework or incorporates blockchain into the financial infrastructure, the market attention on XLM and the opportunities for benefit will also significantly increase.

• Market Cap: 8,677,224,786 USD
• Market Cap Rank: 17
• Price change in the last 30 days: -27.5%

Conclusion: The Crypto Assets Market May Welcome a New "Made in America" Trend

With the gradual improvement of the U.S. policy environment, "Made in America" crypto assets are quietly becoming the new focus of the market. Chainlink, Ondo Finance, Hedera Hashgraph, Stacks, and Stellar, these five major coins each have their unique features, some connecting traditional finance, some pushing assets onto the blockchain, some gaining recognition from enterprises and governments, and others giving new functions to Bitcoin. If the U.S. continues to release favorable policies, these crypto asset projects with American concepts may usher in a new round of funding attention.