A Trump victory in the 2024 U.S. presidential election could lead to an increase in the value of Tether (USDT) and other cryptocurrencies, largely due to his less stringent approach to crypto regulation compared to other candidates. Trump has previously advocated for reduced government intervention, which many in the crypto industry believe would foster a friendlier environment for digital assets. This could drive demand for stablecoins like USDT, as investors and businesses might use it more frequently for trading and hedging in a potentially volatile economic climate under Trump’s policies. Additionally, Trump’s focus on reducing the value of the U.S. dollar to boost exports could impact Tether and other USD-pegged stablecoins. If the dollar weakens under his administration, USDT’s relative value in the crypto market might increase as traders turn to stablecoins as a safe haven amid a weaker dollar. Historically, crypto assets have shown a positive correlation with Trump’s political fortunes, with recent reports suggesting that a Trump win could push Bitcoin and other crypto prices higher due to heightened demand and optimism in the crypto community. In contrast, a Harris victory would likely maintain or increase regulatory scrutiny, which could affect USDT’s use in the U.S. market. This environment could curb its growth, as more regulations might impose higher compliance costs on stablecoin issuers and exchanges.