#CryptoStocks

The main cryptocurrency stocks on Wall Street surged on Wednesday after the U.S. Senate approved a historic bill on stablecoins, fueling hopes for broader adoption of what was once a niche sector of the cryptocurrency industry.

The bill was passed with bipartisan support, marking a turning point in the debate over cryptocurrency oversight and a breakthrough for a sector long stuck in regulatory limbo.

These tokens have gained popularity by offering the convenience of cryptocurrencies without their volatility. Pegged to currencies like the U.S. dollar, they aim to maintain a stable value backed by reserves.