In an interview, Michael Gronager, CEO of Chainalysis, said that stablecoins will drive institutional adoption in Asia, although regulators are not satisfied with it. Despite the high rate of cryptocurrency adoption among Asian users, the United States remains the most influential region in the crypto industry. Gronager noted that two-thirds of the trading volume on the blockchain comes from stablecoin transactions. Furthermore, he believes that the upcoming US Presidential Election will have little impact on the crypto industry, and that no matter Trump or Kamala Harris win, it will not significantly change the situation.