#USStablecoinBill

As of May 5, 2025, the U.S. stablecoin market is experiencing significant developments. The total market capitalization has reached an all-time high of $242.98 billion, marking a 19.5% increase since the beginning of the year.

In the political arena, a bipartisan stablecoin regulation bill faces challenges in the U.S. Senate. Nine Senate Democrats have withdrawn their support, citing concerns over anti-money laundering provisions and potential conflicts of interest, particularly related to the Trump-affiliated USD1 stablecoin.

USD1, launched by World Liberty Financial, a company linked to Donald Trump, is under scrutiny after being used in a $2 billion investment deal with Abu Dhabi-based MGX into Binance.