Following President Donald Trump’s signing of an executive order promoting digital assets through a “national digital asset stockpile” and new crypto-friendly regulations, BitPinas compiled a list of American cryptocurrencies that could be part of the US national crypto reserve.
What’s the significance: The US government’s move to integrate cryptocurrencies into its financial system could trigger increased legitimacy, regulatory clarity, and potential growth opportunities for the digital asset market.
Key details:
- On January 23, 2025, President Donald Trump signed an executive order promoting digital assets and exploring a “national digital asset stockpile.”
- Key Provisions:
- Establishment of a working group to draft digital asset regulations.
- Protection of banking services for crypto companies.
- Exploration of a national reserve for cryptocurrencies seized by federal authorities, including bitcoin.
- Support for blockchain developers and miners, ensuring freedom to self-custody assets.
- Growth and innovation of dollar-backed stablecoins.
National Crypto Reserve: Currently, the concept of a reserve holding seized cryptocurrencies has sparked interest, but details on its implementation and legality remain unclear.
American-made Cryptocurrencies: The 15 cryptocurrencies mentioned here are based on CoinGecko’s list of Top Made in USA Coins by Market Cap. These coins are noted to be closely tied to the United States, either through their founding team or the location of their company headquarters.
Note: The values mentioned in the article are current as of approximately 9:00 AM on January 27.
Top 15
XRP
Definition:
XRP is the native token of the Ripple network, designed to facilitate fast and efficient cross-border transactions by acting as a bridge currency for international payments.
Use case:
- Reduces costs for remittances
- Providing liquidity in cross-border payment systems
- Enables real-time settlements for financial institutions
Solana (SOL)
Definition:
SOL is the native cryptocurrency of the Solana blockchain, used for transaction fees, staking, and governance within its ecosystem.
Use case:
- Powers decentralized finance (DeFi) protocols
- Enables NFT transactions
- Staking for network security
- Participating in governance decisions
USDC
Definition:
USDC is a stablecoin pegged 1:1 to the US dollar, issued and backed by Circle, ensuring transparency and reliability for stable-value digital transactions.
Use case:
- Facilitates low-volatility transactions
- Enables global remittances
- Acts as collateral in DeFi applications
- Serves as a bridge between traditional and digital finance
Cardano (ADA)
Definition:
ADA is the native token of the Cardano blockchain, used for staking, transaction fees, and governance participation.
Use case:
- Powers decentralized applications (dApps)
- Enables peer-to-peer transactions
- Rewards network participants through staking
- Supports governance votes.
Chainlink (LINK)
Definition:
It is the native token of the Chainlink network, used to pay for data services and incentivize nodes to provide accurate and secure oracle data.
Use case:
- Feeds off-chain data into blockchain applications
- Supports decentralized finance (DeFi) platforms
- Enables smart contracts to access real-world events
Avalanche (AVAX)
Definition:
This token is the native cryptocurrency of the Avalanche blockchain, a Layer 1 platform designed for decentralized applications (dApps), custom blockchains, and enterprise solutions.
Use case:
- Provides incentives for validators
- Enables seamless tokenized asset transactions
- Supports dApps
- Facilitates cross-chain functionality
Hedera (HBAR)
Definition:
The HBAR token is the native cryptocurrency of the Hedera Hashgraph network, a decentralized public ledger that operates using a unique consensus mechanism called the Hash.
Use case:
- Supports enterprise-grade applications
- Incentivises consensus nodes
- Secures the network through staking
- Enabling microtransactions
Stellar (XLM)
Definition:
XLM, or Lumens, is the native asset of the Stellar network, designed to facilitate low-cost international transactions and serve as a bridge currency for asset exchanges.
Use case:
- Cross-border payments
- Issuance of digital assets like stablecoins
- Supports low-cost transactions
Sui (SUI)
Definition:
It is the native token of the Sui blockchain, a Layer 1 blockchain developed by Mysten Labs. It is designed to be used as a means of value exchange, governance, and to pay for transaction fees within the ecosystem.
Use case:
- Enables high-performance dApps
- Incentivizes network validators
- Supports ecosystem development for web3
Polkadot (DOT)
Definition:
DOT token is the native cryptocurrency of the Polkadot blockchain, a multichain network designed to connect and secure multiple blockchains, enabling them to work together seamlessly.
Use case:
- Facilitates cross-chain communication
- Rewarding network validators
- For participating in parachain auctions
- Enables governance decisions
Litecoin (LTC)
Definition:
Litecoin (LTC) is a popular cryptocurrency designed as a faster and more lightweight version of Bitcoin, often called “digital silver” to Bitcoin’s “digital gold.”
Use case:
- Digital payments
- Low-cost remittances
- An alternative for peer-to-peer cryptocurrency transfers
Uniswap (UNI)
Definition:
UNI token is the native cryptocurrency of Uniswap, one of the most popular decentralized exchanges (DEXs) built on the Ethereum blockchain.
Use case:
- Incentivizes liquidity providers
- Allows participation in governance
- Enables decentralized token swaps without intermediaries
NEAR Protocol (NEAR)
Definition:
The NEAR token is the native cryptocurrency of the NEAR Protocol, a blockchain platform designed for scalable decentralized apps (dApps).
Use case:
- Incentivizes validator participation
- Powers decentralized applications
- Enables seamless peer-to-peer transactions
Official Trump (TRUMP)
Definition:
It is a cryptocurrency associated with Donald Trump, the 45th and current 47th President of the United States. The token’s function is mainly to express support for Donald Trump as well as his ideals and beliefs. TRUMP is issued as an SPL token on the Solana blockchain.
Use case:
- The token represents support for Trump and his political beliefs
- Primarily a novelty digital asset with no tangible utility
Aptos (APT)
Definition:
The Aptos token (APT) is the native cryptocurrency of the Aptos blockchain, designed for fast, scalable decentralized applications (dApps) with a focus on performance and security.
Use case:
- Supports high-performance dApps
- Enabling low-latency transactions
- Used to pay for transaction fees on the Aptos network
- Rewards validators for maintaining network security
This article is published on BitPinas: List of “American Cryptocurrencies” That Could Be in the National Crypto Reserve
What else is happening in Crypto Philippines and beyond?
