The Trump administration promoted deregulation as a source of economic growth, but sometimes regulations are needed to trigger such development. The same goes for stablecoins, which are now receiving significant attention through legislation that is likely to be passed by the Republican-controlled Congress in the coming weeks. Unlike cryptocurrencies like Bitcoin, stablecoins are a type of digital asset designed to maintain a stable value. Currently, stablecoins are widely used as a temporary storage place for Bitcoin traders and other tokens, especially during times of high volatility.

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