From Yahoo Finance: 2025-05-12 12:26:00

Stablecoins are poised for mainstream adoption as the Trump administration pushes for crypto legislation. Despite Senate resistance, progress is expected on stablecoin regulations. Stablecoins are cryptocurrencies tied to assets like USD or gold, playing a key role in markets and international money transfers.

The Senate’s GENIUS Act calls for federal regulation of stablecoins with a market cap over $10 billion. Stablecoin market cap has surged to $246 billion, with Tether’s USDT at $150 billion. Stablecoins dominate crypto trading, offering speed, access, and low-cost payments.

Stablecoins are seen as strategic assets, reinforcing dollar dominance. The GENIUS Act may trigger a 10-fold increase in stablecoin supply. Investment bank Standard Chartered predicts a significant growth in the stablecoin market with the Act’s passage.

Read more: Stablecoins to Go Mainstream in 2025 After U.S. Regulatory Progress: Deutsche Bank