
As the US stablecoin bill, known as the GENIUS Act, advances in the Senate, a once-niche corner of the crypto industry is gaining rapid traction among global corporates.
Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged 1:1 to the US dollar – are widely used by crypto traders to move funds between tokens.
Analysts say the bill, if passed, could be a key catalyst