#USStablecoinBill
On Wednesday, a stablecoin bill called the STABLE Act advanced through the House Financial Services Committee, increasing the likelihood that Congress will pass a law this year cementing stablecoins' as a global financial tool. Proponents argue that stablecoins help the U.S. preserve the global centrality of the dollar, while allowing people worldwide to transact more freely, cheaply and securely.
Hagerty told Fox News Digital on Monday, estimating stablecoins in circulation to amount to $243 billion.