Stablecoins Gain Mainstream Traction Amid Regulatory Support
Stablecoins, digital tokens pegged to the U.S. dollar, have emerged as pivotal players in mainstream finance. In 2024, stablecoin transaction volumes reached $15.6 trillion, rivaling the Visa Network's totals. This surge is attributed to regulatory backing, political endorsements, and adoption by major financial brands like PayPal. The advancement of the GENIUS stablecoin bill to the Senate floor further signals their integration into the U.S. financial system.
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